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Calculate net cash provided or used by operating activities

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Reference no: EM132957327

Problem 1: Use the following information and the indirect method to calculate the net cash provided or used by operating activities:

Net income $87,200

Depreciation expense 13,900

Gain on sale of land 6,400

Increase in merchandise inventory 3,950

Increase in accounts payable 8,050

Multiple Choice

Option 1: $38,600.

Option 2: $17,850.

Option 3: $16,850.

Option 4: $98,800.

Option 5: $32,200.

Reference no: EM132957327

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