Reference no: EM132801510
Questions -
Q1 - Net income is $21,493. During the year, the company had $6,754 depreciation expense and a loss on sale of assets of $14,148. In addition, accounts receivable decreased $10,703 and taxes payable decreased $14,568. What is the net cash provided by operations under the indirect method? If the answer is a source, leave the number positive.
Q2 - Net income is $36,773. During the year, accounts payable increased $6,657, inventory decreased $9,113, and accounts receivable increased $23,510. What is the net cash provided by operations under the indirect method? If the answer is a source, leave the number positive.
Q3 - Net income is $40,026. During the year, the company had $21,021 depreciation expense and a gain on sale of assets of $25,516. In addition, accounts receivable increased $5,534, supplies decreased $4,777 and accounts payable increased $6,055. What is the net cash provided by operations under the indirect method? If the answer is a source, leave the number positive.