In 2012,Jaycox Custom Bikes had net income of $575,000.Jaycox also recorded $215,000 in depreciation.The company also had the following changes in its balance sheet accounts.
$\begin{array}{ll}
\text { Accounts Receivable } & \$ 26,000 \text { increase } \
\text { Inventories } & 11,000 \text { decrease } \
\text { Accounts Payable } & 19,000 \text { decrease }
\end{array}$
Compute the net cash provided by operating activities using the indirect method.

Question

In 2012,Jaycox Custom Bikes had net income of $575,000.Jaycox also recorded $215,000 in depreciation.The company also had the following changes in its balance sheet accounts.
 $\begin{array}{ll}
\text { Accounts Receivable } & \$ 26,000 \text { increase } \
\text { Inventories } & 11,000 \text { decrease } \
\text { Accounts Payable } & 19,000 \text { decrease }
\end{array}$ 
Compute the net cash provided by operating activities using the indirect method.

Quizplus · Accepted Answer

The Answer of In 2012,Jaycox Custom Bikes had net income of $575,000.Jaycox also recorded $215,000 in depreciation.The company also had the following changes in its balance sheet accounts.
 $\begin{array}{ll}
\text { Accounts Receivable } & \$ 26,000 \text { increase } \
\text { Inventories } & 11,000 \text { decrease } \
\text { Accounts Payable } & 19,000 \text { decrease }
\end{array}$ 
Compute the net cash provided by operating activities using the indirect method.

In 2012,Jaycox Custom Bikes Had Net Income of $575,000 Compute the Net Cash Provided by Operating Activities Using the Recorded