The net profit reported on the income statement for the current year was $100 000.Depreciation recorded on property,plant and equipment was $60 000.Balances of current asset and current liability accounts at the end and at the beginning of the year are listed below. What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?
A) $94 000
B) $109 500
C) $154 500
D) $155 500

Question

The net profit reported on the income statement for the current year was $100 000.Depreciation recorded on property,plant and equipment was $60 000.Balances of current asset and current liability accounts at the end and at the beginning of the year are listed below.  What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?
A) $94 000 
B) $109 500 
C) $154 500 
D) $155 500

Quizplus · Accepted Answer

The Answer of The net profit reported on the income statement for the current year was $100 000.Depreciation recorded on property,plant and equipment was $60 000.Balances of current asset and current liability accounts at the end and at the beginning of the year are listed below.  What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?
A) $94 000 
B) $109 500 
C) $154 500 
D) $155 500

The Net Profit Reported on the Income Statement for the Current