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S Company Reported Net Income for 2018 in the Amount            $80,000~~~~~~~~~~~\$ 80,000

Question 55

Multiple Choice

S Company reported net income for 2018 in the amount of $400,000. The company's financial statements also included the following: Increase in accounts receivable            $80,000~~~~~~~~~~~\$ 80,000
Decrease in irventory            60,000~~~~~~~~~~~60,000
Increase in accourts payable            200,000~~~~~~~~~~~200,000
Depreciation expense           104,000~~~~~~~~~~104,000
Gair on sale of lard            148,000~~~~~~~~~~~148,000 What is net cash provided by operating activities under the indirect method?


A) $432,000.
B) $536,000.
C) $580,000.
D) $832,000.

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