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What the cash flows from operating activities would be

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Problem 1: The following data is provided for year ended 31 December 20x1. Net income for year ended 31 December 20x1 was $210,000. During 20x1, current receivables and prepaid expenses increased by $10,000 and $2,000, respectively. During 20x1, current payables decreased by $8,000. Under the indirect method, the cash flows from operating activities would be:

Option 1: $190,000.

Option 2: $206,000.

Option 3: $230,000.

Option 4: $214,000.

Option 5: None of the above.

Reference no: EM132617664

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