Rodriguez 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 $5,000
Current liabilities increased by $2,000
How much is the net cash provided by operating activities?
A)$4,700
B)$7,300
C)$10,000
D)$(300)

Question

Rodriguez 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 $5,000
Current liabilities increased by $2,000
How much is the net cash provided by operating activities?
A)$4,700 
B)$7,300 
C)$10,000 
D)$(300)

Quizplus · Accepted Answer

The Answer of Rodriguez 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 $5,000
Current liabilities increased by $2,000
How much is the net cash provided by operating activities?
A)$4,700 
B)$7,300 
C)$10,000 
D)$(300)