Chapin Company reported net income of $410,000 for 2015.Balances of selected current asset and current liability accounts are as shown on the indicated dates: Depreciation expense for 2015 amounted to $65,000.Using only the above information,compute Chapin's net cash flow from operating activities (indirect method)for 2015:
A)$470,600.
B)$467,400.
C)$460,600.
D)$448,600.

Question

Chapin Company reported net income of $410,000 for 2015.Balances of selected current asset and current liability accounts are as shown on the indicated dates:  Depreciation expense for 2015 amounted to $65,000.Using only the above information,compute Chapin's net cash flow from operating activities (indirect method)for 2015:
A)$470,600. 
B)$467,400. 
C)$460,600. 
D)$448,600.

Quizplus · Accepted Answer

The Answer of Chapin Company reported net income of $410,000 for 2015.Balances of selected current asset and current liability accounts are as shown on the indicated dates:  Depreciation expense for 2015 amounted to $65,000.Using only the above information,compute Chapin's net cash flow from operating activities (indirect method)for 2015:
A)$470,600. 
B)$467,400. 
C)$460,600. 
D)$448,600.

Chapin Company Reported Net Income of $410,000 for 2015