The following information has been provided to you by RKJ Company: $$\begin{array} { l r }
\text { Net income } & \$ 300,000 \
\text { Decrease in accounts payable } & \$ 114,000 \
\text { Increase in inventory } & \$ 22,000 \
\text { Increase in accounts receivable } & \$ 24,000 \
\text { Decrease in bonds payable } & \$ 25,000 \
\text { Loss on sale of a depreciable asset } & \$ 19,000 \
\text { Depreciation expense } & \$ 40,000 \
\text { Decrease in income taxes payable } & \$ 12,000
\end{array}$$ Using the indirect method, what is the net cash provided by operating activities?

Question

The following information has been provided to you by RKJ Company: $$\begin{array} { l r } 
\text { Net income } & \$ 300,000 \
\text { Decrease in accounts payable } & \$ 114,000 \
\text { Increase in inventory } & \$ 22,000 \
\text { Increase in accounts receivable } & \$ 24,000 \
\text { Decrease in bonds payable } & \$ 25,000 \
\text { Loss on sale of a depreciable asset } & \$ 19,000 \
\text { Depreciation expense } & \$ 40,000 \
\text { Decrease in income taxes payable } & \$ 12,000
\end{array}$$ Using the indirect method, what is the net cash provided by operating activities?

Quizplus · Accepted Answer

The Answer of The following information has been provided to you by RKJ Company: $$\begin{array} { l r } 
\text { Net income } & \$ 300,000 \
\text { Decrease in accounts payable } & \$ 114,000 \
\text { Increase in inventory } & \$ 22,000 \
\text { Increase in accounts receivable } & \$ 24,000 \
\text { Decrease in bonds payable } & \$ 25,000 \
\text { Loss on sale of a depreciable asset } & \$ 19,000 \
\text { Depreciation expense } & \$ 40,000 \
\text { Decrease in income taxes payable } & \$ 12,000
\end{array}$$ Using the indirect method, what is the net cash provided by operating activities?

The Following Information Has Been Provided to You by RKJ