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Kentucky Company uses the indirect method to prepare the statement of cash flows. Refer to the...


Kentucky Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Ke


Kentucky Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Ke
Kentucky Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Kentucky Company Income Statement Year Ended December 31, 2019 Sales Revenue $247,000 Interest Revenue 2,200 Gain on Sale of Plant Assets 5,900 Total Revenues and Gains $255,100 Cost of Goods Sold 118,000 Salary Expense 45,000 Depreciation Expense 10,000 Other Onerating Fynences 24 0 O A. $32,700 OB. $38,600 OC. $28,600 OD. $13,000
Kentucky Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Kentucky Company Income Statement Year Ended December 31, 2019 Sales Revenue $ 247,000 Interest Revenue 2,200 Gain on Sale of Plant Assets 5,900 Total Revenues and Gains $ 255, 100 Cost of Goods Sold 118,000 Salary Expense 45,000 Depreciation Expense 10,000 Other Operating Expenses 24,000 Interest Expense 1,800 Income Tax Expense 5,500 Total Expenses 204,300 Net Income (Loss) $ 50, 800 Additional information provided by the company includes the following: 1. Current assets, other than cash, increased by $ 21,000 2. Current liabilities decreased by $ 1,200 Compute the net cash provided by used for) operating activities A. $ 32, 700 B. $ 38, 600 C. S 28,600 D. S 13,000
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