Which of the following would be subtracted from net income using the indirect method quizlet?

Net income is $132,000, accounts payable increased $10,000 during the year, inventory decreased $6,000 during the year, and accounts receivable increased $12,000 during the year. Under the indirect method, how much is net cash provided by operations?

Entry field with correct answer
$124,000
$136,000
$116,000
$112,000

The following data are available for Allen Clapp Corporation:

Net income $200,000
Depreciation expense 40,000
Dividends paid 60,000
Gain on sale of land 10,000
Decrease in accounts receivable 20,000
Decrease in accounts payable 30,000

How much is cash provided by operating activities using the indirect method?

Entry field with correct answer
$220,000
$240,000
$160,000
$280,000

LKN Company reported net income of $80,000 for the year. During the year, accounts receivable increased by $6,000, accounts payable decreased by $4,000 and depreciation expense of $10,000 was recorded. Net cash provided by operating activities for the year is

Entry field with correct answer

$80,000.

$90,000.

$70,000.

$72,000.

A company had net income of $242,000. Depreciation expense is $26,000. During the year, accounts receivable and inventory increased $15,000 and $40,000, respectively. Prepaid expenses and accounts payable decreased $2,000 and $14,000, respectively. There was also a loss on the sale of equipment of $17,000. How much cash was provided by operating activities?

Entry field with correct answer

$278,000.

$299,000.

$218,000.

$201,000.

A company reported total assets at the end of 2017 of $95,000; including cash of $35,000, accounts receivable of $20,000, and inventory of $40,000. It reported total assets at the end of 2018 of $110,000; including cash of $44,000; accounts receivable of $29,000, and inventory of $37,000. Compute the net increase or decrease in cash in 2018.

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12. The following information was taken from the 2011 financial statements of Winchester Corporation:

Accounts receivable (Gross), January 1, 2011.......... $ 108,000
Accounts receivable (Gross), December 31, 2011........ 152,000
Sales on account...................................... 2,190,000
Bad debt expenses for doubtful accounts............... 5,000

No accounts receivable were written off or recovered during the year. If Winchester prepares a statement of cash flows using the direct method, what amount should be reported as collected from customers in 2011?

13. Rose Corporation reported net income of $420,000 for 2011. Changes occurred in several balance sheet accounts as follows: Equipment ................................. $35,000 increase
Accumulated depreciation .................. 56,000 increase
Note payable .............................. 42,000 increase

Additional information:
• During 2011, Rose sold equipment costing $35,000, with accumulated depreciation of $16,800, for a gain of $7,000.
• In December 2011, Rose purchased equipment costing $70,000 with $28,000 cash and a 12% note payable of $42,000.
• Depreciation expense for the year was $72,800.
In Rose's 2011 statement of cash flows, net cash provided by operating activities should be

Which of the following would be subtracted from net income using indirect method?

Which of the following would be a subtraction from net income when using the indirect method to determine cash flows from operating activities?

Which of the following would be added to net income using the indirect method?

Which of the following would be added to net income using the indirect method quizlet?