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maxonik [38]
3 years ago
10

Fine Furniture Company had a net income of $50,000. Accounts receivable increased by $30,000; inventory decreased by $20,000; ac

counts payable increased by $4,000; and salaries payable decreased by $1,000. The amount of cash flow from continuing operating activities under the indirect method is?
Mathematics
1 answer:
Nitella [24]3 years ago
4 0

Answer:

The amount of cash flow from continuing operating activities under the indirect method is $43,000.

Step-by-step explanation:

Fine Furniture Company had a net income of $50,000.

Accounts receivable increased by $30,000.

The inventory decreased by $20,000.

The accounts payable increased by $4,000.

Salaries payable decreased by $1,000.

The amount of cash flow from continuing operating activities under the indirect method is:

(50000-30000+20000+4000-1000)=$43000

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