The following information is available from the current period financial statements: $$\begin{array} { l r }
\text { Net income } & \$ 165,000 \
\text { Depreciation expense } & 28,000 \
\text { Increase in accounts receivable } & 16,000 \
\text { Decrease in accounts payable } & 21,000
\end{array}$$
The net cash flow from operating activities using the indirect method is
A) $230,000
B) $188,000
C) $198,000
D) $156,000

Question

The following information is available from the current period financial statements: $$\begin{array} { l r } 
\text { Net income } & \$ 165,000 \
\text { Depreciation expense } & 28,000 \
\text { Increase in accounts receivable } & 16,000 \
\text { Decrease in accounts payable } & 21,000
\end{array}$$ 
 The net cash flow from operating activities using the indirect method is
A) $230,000
B) $188,000
C) $198,000
D) $156,000

Quizplus · Accepted Answer

The Answer of The following information is available from the current period financial statements: $$\begin{array} { l r } 
\text { Net income } & \$ 165,000 \
\text { Depreciation expense } & 28,000 \
\text { Increase in accounts receivable } & 16,000 \
\text { Decrease in accounts payable } & 21,000
\end{array}$$ 
 The net cash flow from operating activities using the indirect method is
A) $230,000
B) $188,000
C) $198,000
D) $156,000

The Following Information Is Available from the Current Period Financial