Ohio,Inc.uses the indirect method to prepare the statement of cash flows.Refer to the following income statement: Additional information provided by the company includes the following:
Current assets,other than cash,decreased by $5500.
Current liabilities increased by $2500.
Compute the net cash provided by (used for)operating activities.
A)$(33,500)
B)$(61,900)
C)$10,700
D)$38,700

Question

Ohio,Inc.uses the indirect method to prepare the statement of cash flows.Refer to the following income statement:  Additional information provided by the company includes the following:
Current assets,other than cash,decreased by $5500.
Current liabilities increased by $2500.
Compute the net cash provided by (used for)operating activities.
A)$(33,500) 
B)$(61,900) 
C)$10,700 
D)$38,700

Quizplus · Accepted Answer

11ea8a75_428b_b4dd_a2a1_19b2f10e496a_TB6701_00

Ohio,IncUses the Indirect Method to Prepare the Statement of Cash