Operations under indirect method on statement of cash flows

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Reference no: EM13906917

Nordstrand Company's net income last year was $36,000. Changes in selected balance sheet accounts for the year appear below:

Increases

(Decreases)

Debit balance:

Account receivable ($7,000)

Inventory ($5,000)

Prepaid expenses $3,000

Credit balances

Accumulated depreciation $18,000

Accounts payable $13,000

Accrued liabilities ($9,000)

Taxes payable $0

Deferred taxes $1,000

Based solely on this information, the net cash provided by operations under the indirect method on the statement of cash flows would be: a. $4,000 b. $68,000 c. $50,000 d. $54,000

Reference no: EM13906917

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