Question

The following information is available from the current period financial statements: Net income $ 123,054 Depreciation expense 26,854 Increase in accounts receivable 24,717 Decrease in accounts payable 16,848 Determine the net cash flow from operating activities using the indirect method. Select the correct answer.

Answer 1

$108,343

Step-by-step explanation:

Cash flow statement using the indirect method

Amount in $

Net income 123,054

Depreciation expense 26,854

Increase in accounts receivable (24,717)

Decrease in accounts payable (16,848)

net cash flow from operating activities 108,343

The net cash flow from operating activities using the indirect method is $108,343.