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In preparing a company's statement of cash flows using the indirect method, the following information is available:Net income $ 52,000Accounts payable decreased by 18,000Accounts receivable increased by 25,000Inventories increased by 5,000Depreciation expense 30,000Net cash provided by operating activities was:

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Answer:

Statement of cash flows using the indirect method

Net income                                                              $52,000

Adjustments to net income:

  • Depreciation expense $30,000
  • Increase in accounts receivable ($25,000)
  • Increase in inventories ($5,000)
  • Decrease in accounts payable ($18,000)    ($18,000)

net cash flow provided by operating activities    $34,000

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