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The following information is available from the current period financial statements: Net income    $126,307  Depreciation expense    23,648  Increase in accounts receivable    16,473  Decrease in accounts payable    (19,595) The net cash flows from operating activities using the indirect method is a.$126,307 b.$113,887 c.$66,591 d.$186,023

The following information is available from the current period financial statements: Net income    $126,307  Depreciation expense    23,648  Increase in accounts receivable    16,473  Decrease in accounts payable    (19,595) The net cash flows from operating activities using the indirect method is a.$126,307 b.$113,887 c.$66,591 d.$186,023

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 13MCQ
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The following information is available from the current period financial statements:

Net income    $126,307 
Depreciation expense    23,648 
Increase in accounts receivable    16,473 
Decrease in accounts payable    (19,595)
The net cash flows from operating activities using the indirect method is

a.$126,307
b.$113,887
c.$66,591
d.$186,023

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