Rodriguez Tint, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Additional information provided by the company includes the following: Current assets, other than cash, decreased by $5,200.
Current liabilities increased by $2,400.
Compute the net cash provided by (used for) operating activities.
A) $(37,500)
B) $(65,200)
C) $10,600
D) $42,900

Question

Rodriguez Tint, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following income statement:  Additional information provided by the company includes the following: Current assets, other than cash, decreased by $5,200.
Current liabilities increased by $2,400.
Compute the net cash provided by (used for) operating activities.
A) $(37,500) 
B) $(65,200) 
C) $10,600 
D) $42,900

Quizplus · Accepted Answer

The Answer of Rodriguez Tint, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following income statement:  Additional information provided by the company includes the following: Current assets, other than cash, decreased by $5,200.
Current liabilities increased by $2,400.
Compute the net cash provided by (used for) operating activities.
A) $(37,500) 
B) $(65,200) 
C) $10,600 
D) $42,900