Nexis Company reported net income of $140,000 For 2012, depreciation was $45,000, and the company reported a gain on sale of investments of $10,000 Accounts receivable increased $25,000 and accounts payable decreased $20,000 Instructions Compute net cash provided by operating activities using the i...

Computation of net cash provided by operating activities using the indirec ...

Nexis Company reported net income of $140,000. For 2012, depreciation was $45,000, and the company reported a

Question:

Nexis Company reported net income of $140,000. For 2012, depreciation was $45,000, and the company reported a gain on sale of investments of $10,000. increased $25,000 and decreased $20,000.
Instructions
Compute net cash provided by operating activities using the indirect method.
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...