- Kentucky Company Uses The Indirect Method To Prepare The Statement Of Cash Flows Refer To The Following Income Statemen 1 (41.59 KiB) Viewed 61 times
Kentucky
Company uses the indirect method to prepare the
statement of cash flows. Refer to the following income
statement: Kentucky
Company Income
Statement Year Ended December 31, 2025 Sales Revenue $250,000 Interest Revenue 2,600 Gain on Sale of Plant Assets 5,300 Total Revenues and Gains $257,900 Cost of Goods Sold 120,000 Salary Expense 45,000 Depreciation Expense 11,000 Other Operating Expenses 23,000 Interest Expense 1,900 Income Tax Expense 5,100 Total Expenses 206,000 Net Income (Loss) $51,900 Additional information provided by the
company includes the following: 1. Current assets, other than cash, increased by $21,000. 2. Current liabilities decreased by $1,100. Compute the net cash provided by (used for operatina activities .. O A. $40,800 B. $35,500 O C. $11,700 OD. $29,800