Business, 17.08.2020 22:01 leahmitch612
In preparing a company's statement of cash flows using the indirect method, the following information is available:
Net income $72,000
Accounts payable increased by 38,000
Accounts receivable decreased by 65,000
Inventories decreased by 25,000
Cash dividends paid 34,000
Depreciation expense 60,000
Net cash provided by operating activities was:.
a. $260,000
b. $111,000
Answers: 1
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