X company uses the indirect method to determine its cash flows from operating activities. Determine its...

 

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X company uses the indirect method to determine its cash flows from operating activities. Determine its net cash provided or used by operating activities, using the following information. Depreciation expense Net income Increase in inventory Cash payment on note payable Gain on sale of land Increase in accounts payable a. $282,500 provided by operating activities. b. $232,500 provided by operating activities. c. $182,500 provided by operating activities. d. $318,500 provided by operating activities. $100,000 $182.000 $18,000 $50,000 $30,000 $48,500 X company uses the indirect method to determine its cash flows from operating activities. Determine its net cash provided or used by operating activities, using the following information. Depreciation expense Net income Increase in inventory Cash payment on note payable Gain on sale of land Increase in accounts payable a. $282,500 provided by operating activities. b. $232,500 provided by operating activities. c. $182,500 provided by operating activities. d. $318,500 provided by operating activities. $100,000 $182.000 $18,000 $50,000 $30,000 $48,500

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Introduction Cash flow statement is used to evaluate the net cash flow in or out of the business ... View the full answer