Use the following information and the indirect method to calculate - 15739

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yousafbhutta

yousafbhutta

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Request Description

Use the following information and the indirect method to calculate the net cash provided or used by operating activities:

  Net income    $ 14,000 
  Depreciation expense    13,700 
  Payment on mortgage payable    16,700 
  Gain on sale of land    6,600 
  Increase in merchandise inventory    3,750 
  Increase in accounts payable    7,850 
  Proceeds from sale of land    8,850 

rev: 04_11_2012
 
$17,350.
 
$38,400.
 
$25,200.
 
-$16,350.
 
-$31,800.
                                       

Solution Description

 

Use the following information and the indirect method to calculate the net cash provided or used by operating activities:

 

  Net income

$ 14,000