What is effect on net cash provided by operating activites

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Reference no: EM13135505

Given Data: This year Last year
Income Taxes Payable $22,000 $25,000
Accounts Payable $32,000 $28,000
Accounts Receivable $55,000 $60,000

The statement of cash flows has been prepared using the indirect method.

What is the effect on net cash provided by operating activities for the year?

A. $6,000 increase
B. $6,000 decrease
C. $8,000 decrease
D. $8,000 increase

Reference no: EM13135505

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