• Net income reported for the current year was $222,000. Depreciation expense was $35,000. Accounts Receivable and Inventories increased $4,000 and $7,000, respectively. Prepaid Expenses and Accounts Payable decreased $3,000 and $9,000, respectively. Using the indirect method, how much cash was provided by operating activities?
  
  $240,000
  $170,000
  $258,000
  $180,000

Answer rating: 100% (QA)

Answer Cash flow from operating activities Net i... View the full answer