In preparing a company's statement of cash flows for the most recent year using the...
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Accounting
In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:
Net income for the year was$60,000
Accounts payable decreased by 26,000
Accounts receivable increased by 33,000
Inventories increased by 13,000
Cash dividends paid were 15,600
Depreciation expense was 28,000
Net cash provided by operating activities was:
Multiple Choice
$38,000.
$16,000.
$76,400.
$144,000.
$52,000.
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