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jolli1 [7]
2 years ago
11

In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $

59,000 Accounts payable decreased by 25,000 Accounts receivable increased by 32,000 Inventories increased by 12,000 Cash dividends paid 15,400 Depreciation expense 27,000 Net cash provided by operating activities was:
Business
1 answer:
Svetlanka [38]2 years ago
3 0

Answer:

See below

Explanation:

Net income during the year

$59,000

Adjustments:

Depreciation

$27,000

Changes in current assets and liabilities

Less:

Increase in accounts receivables

($32,000)

Increase in inventories

($12,000)

Decrease in accounts payable

$25,000

Net cash flow from operating activities

$17,000

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Difference between accounts payable and accounts receivable
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