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

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In preparing a companys statement of cash flows for the most recent year using the indirect method, the following informatio

business accounting

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Answer 1

Answer #1

Net cash provided by operating activities	$134,000

Working
Cash flows from operating activities:
Net income	$54,000
Depreciation Expenses	$24,000
Accounts receivable decreased by	$29,000
Inventories decreased by	$7,000
Accounts payable increased by	$20,000
Net cash provided by operating activities	$134,000

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Answer 2

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