Question: When using the indirect method to prepare the statement of cash flows, net income is $18,000. There was a gain on disposal of an asset

When using the indirect method to prepare the statement of cash

When using the indirect method to prepare the statement of cash flows, net income is $18,000. There was a gain on disposal of an asset of $1,500, depreciation expense of $850, a decrease in Accounts Receivable of $4,500, and an increase in Accounts Payable of $3,400. What is the net cash flow from operating activities? O A. $19,950 OB. $28,250 O C. $9,250 OD. $25,250 Click to select your

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

When using the indirect method to prepare the statement of cash flows, net income is $23,000. There was a gain on disposal of an asset of $6,000, depreciation expense of $650, an increase in Accounts...

QUESTION 3 3 When using the indirect method to prepare the statement of cash flows, net income is $ 2 8 , 0 0 0 . There was a gain on disposal of an asset of $ 4 , 5 0 0 , depreciation expense of $ 5...

QUESTION 3 3 When using the indirect method to prepare the statement of cash flows, net income is $ 2 8 , 0 0 0 . There was a gain on disposal of an asset of 3 points $ 4 , 5 0 0 , depreciation...

When using the indirect method to prepare the Statement of Cash Flows, net income is $ 2 2 comma 0 0 0 $ 2 2 , 0 0 0 . There was a gain on disposal of an asset of $ 5 comma 0 0 0 $ 5 , 0 0 0 ,...

When using the indirect method to prepare the statement of cash flows, net income is $25,000. There was a gain on disposal of an asset of $4,500, depreciation expense of $650, an increase in Accounts...

When using the indirect method to prepare the statement of cash flows , net income is 2 0 , 0 0 0 There was a gain on disposal of an asset of 4 , 5 0 0 , depreciation expense of 7 0 0 , an increase...

When using the indirect method to prepare the statement of cash flows, net income is $16,000. There was a gain on disposal of an asset of $2,500, depreciation expense of $400, an increase in Accounts...

When using the indirect method to prepare the statement of cash flows, net income is $40,000. There was a gain on disposal of an asset of \$4,500, depreciation expense of $1,050, a decrease in...

When using the indirect method to prepare the statement of cash flows, net income is 30000. There was a gain on disposal of an asset of 6500, depreciation expense of 1000, a decrease in accounts...

When using the indirect method to prepare the statement of cash flows, net income is $27,000. There was a gain on disposal of an asset of $7,000, depreciation expense Accounts Receivable of $3,500,...

As this chapter was being written, Hurricane Katrina decimated the gulf coast of the United States between Mobile, Alabama, and New Orleans, Louisiana. The aftermath of this storm left the city of...

Kate Austen must generate a sales forecast to convince the loan officer at a local bank of the viability of Marina Del Rey, a trendy west-coast restaurant. Austen assumes that next-period sales are a...

Holding constant the risk premium of the risky portfolio, a higher risk - free rate will increase the Sharpe ratio of investments with a positive allocation to the risky asset.

Which of the following are problems with identifying users of ABC? Multiple select question. ABC means different things to different organizations. Organizations will announce the discontinuance of...

Discuss how human resource management affects a companys balanced scorecard. page 27

Understand and analyse the main causes of absence and how absence rates can be reduced.

Implement an analysis of retention measures, including wastage, stability and half- life indexes.