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In preparing a company's statement of cash flows for the most recent year using the indirect...

In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:

Net income for the year was $ 68,000
Accounts payable decreased by 25,000
Accounts receivable increased by 33,000
Inventories increased by 13,000
Depreciation expense was 46,000


Net cash provided by operating activities was:

Multiple Choice

  • $67,000.

  • $68,000.

  • $43,000.

  • $93,000.

  • $119,000.

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Answer #1

Question

Answer : $ 43000

Cash flow statement
Cash Flow from Operating Activities
Net Income $68,000
Adjustment to reconcile net income to net cash flow
provided by operating activites
Depreciation expense $46,000
Increase in account receivable -$33,000
Increase in Inventory -$13,000
Decrease in account payable -$25,000 -$25,000
Net Cash flow from operating Activites $43,000
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