Question: Ohio, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Additional information provided by the company
Ohio, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Additional information provided by the company includes the following: Current assets, other than cash, decreased by $5,300. Current liabilities increased by $2,400. Compute the net cash provided by (used for) operating activities. A. $5,800 B. $(28,200) C. $(700) D. $10,400
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