Wessen Company reports net income of $200,000 for the year ended December 31,2010.It also reports $40,000 depreciation expense,$22,500 amortization expense and a $15,000 loss on the sale of machinery.Its comparative balance sheets reveal a $225,700 increase in accounts receivable,$31,600 decrease in accounts payable,$15,000 decrease in prepaid expenses,and $48,100 decrease in wages payable.What is the net cash flows provided (used)by operating activities using the indirect method?
A)($12,900)
B)$57,900
C)$50,400
D)($57,900)
E)($50,400)

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The Answer of Wessen Company reports net income of $200,000 for the year ended December 31,2010.It also reports $40,000 depreciation expense,$22,500 amortization expense and a $15,000 loss on the sale of machinery.Its comparative balance sheets reveal a $225,700 increase in accounts receivable,$31,600 decrease in accounts payable,$15,000 decrease in prepaid expenses,and $48,100 decrease in wages payable.What is the net cash flows provided (used)by operating activities using the indirect method?
A)($12,900)
B)$57,900
C)$50,400
D)($57,900)
E)($50,400)

Wessen Company Reports Net Income of $200,000 for the Year