Business, 09.12.2019 20:31, aksambo4707
The net income reported on the income statement for the current year was $100,000. depreciation recorded on plant assets was $25,000.
accounts receivable and inventories decreased by $5,000 and $15,000,respectively.
prepaid expenses and accounts payable increased by $500 and $4,000, respectively.
using the indirect method, how much would be reported for net cash flows from operating activities in the statement of cash flows?
a. $130,000
b. $148,500
c. $141,500
d. $98,500
Answers: 3
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