The Meta company uses indirect method for preparing its statement of cash flows. It reported a profit of $250,000 for th
Posted: Thu Dec 23, 2021 9:07 am
The Meta company
uses indirect method for preparing its statement of cash flows. It
reported a profit of $250,000 for the year 2018.
During the year
2016, the working capital accounts were changed as follows:
Decrease in accounts receivable: $45,000
Decrease in
accounts payable: $36,600 Increase in inventory: $56,800
The depreciation expense was $66,000
for the year 2018.
Compute
net cash
provided (used)
by operating
activities using
indirect method?
uses indirect method for preparing its statement of cash flows. It
reported a profit of $250,000 for the year 2018.
During the year
2016, the working capital accounts were changed as follows:
Decrease in accounts receivable: $45,000
Decrease in
accounts payable: $36,600 Increase in inventory: $56,800
The depreciation expense was $66,000
for the year 2018.
Compute
net cash
provided (used)
by operating
activities using
indirect method?