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What is effect on net cash provided by operating activities

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Reference no: EM131812716

Question -

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: EM131812716

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