MC Qu. 134 In preparing a company's...

In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:

Net income for the year was	$	54,000
Accounts payable decreased by		19,000
Accounts receivable increased by		26,000
Inventories increased by		6,000
Depreciation expense was		32,000

Net cash provided by operating activities was:

Multiple Choice

$54,000.

$73,000.

$85,000.

$35,000.

$61,000.

MC Qu. 138 A machine with a cost...

A machine with a cost of $164,000, current year depreciation expense of $25,500 and accumulated depreciation of $102,000 is sold for $53,600 cash. The total amount related to this machine that should be reported in the operating section of the statement of cash flows under the indirect method is:

Multiple Choice

$79,100.

$25,500.

$5,360.

$33,900.

$15,900.