Question: Q2. The Meta company uses indirect method for preparing its statement of cash flows. It reported a net income of Rs.100,000 for the year 2016.

Q2. The Meta company uses indirect method for preparing its statement of cash flows. It reported a net income of Rs.100,000 for the year 2016. During the year 2016, the working capital accounts were changed as follows: Increase in accounts receivable: Rs.22,000 Increase in accounts payable: Rs.18,600 Increase in inventory: Rs.14,800 Decrease in non-trade notes payable: Rs.30,000 Increase in available for sale securities: Rs.32,000 The depreciation expense was Rs.34,000 for the year 2016. You are Required to Compute net cash provided (used) by operating activities using indirect method

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