Chapin Company reported net income of $410,000 for 2018.Balances of selected current asset and current liability accounts are as shown on the indicated dates: -
Depreciation expense for 2018 amounted to $65,000.Using only the above information,compute Chapin's net cash flow from operating activities (indirect method)for 2018.
A)$470,600
B)$467,400
C)$460,600
D)$448,600

Question

Chapin Company reported net income of $410,000 for 2018.Balances of selected current asset and current liability accounts are as shown on the indicated dates:  -
Depreciation expense for 2018 amounted to $65,000.Using only the above information,compute Chapin's net cash flow from operating activities (indirect method)for 2018.
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 2018.Balances of selected current asset and current liability accounts are as shown on the indicated dates:  -
Depreciation expense for 2018 amounted to $65,000.Using only the above information,compute Chapin's net cash flow from operating activities (indirect method)for 2018.
A)$470,600 
B)$467,400 
C)$460,600 
D)$448,600

Chapin Company Reported Net Income of $410,000 for 2018