Neal Company reported net income of $140,000. For 2010, depreciation was $30,000, and the company reported a gain on sale of investments of $10,000. Accounts receivable increased $25,000 and accounts payable decreased $20,000.
Instructions
Compute net cash provided by operating activities using the indirect method.

Question

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The Answer of Neal Company reported net income of $140,000. For 2010, depreciation was $30,000, and the company reported a gain on sale of investments of $10,000. Accounts receivable increased $25,000 and accounts payable decreased $20,000.
Instructions
Compute net cash provided by operating activities using the indirect method.

Neal Company Reported Net Income of $140,000