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emmasim [6.3K]
3 years ago
6

The following information is available from the current period financial statements: Net income $150,000 Depreciation expense 28

,000 Increase in accounts receivable 16,000 Decrease in accounts payable 21,000 The net cash flow from operating activities using the indirect method is Group of answer choices $141,000 $173,000 $117,000 $215,000
Business
1 answer:
Anit [1.1K]3 years ago
5 0

Answer:

$141,000

Explanation:

Given the above information, the net cash flow is computed as shown below

= Net income + Depreciation expense - Increase in accounts receivables - Decrease in accounts payable

= $150,000 + $28,000 - $16,000 - $21,000

= $141,000

Therefore, the net cash flow from operating activities using the indirect method is $141,000

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