Kentucky Company 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:
1)Current assets,other than cash,increased by $20,000.
2)Current liabilities decreased by $1500.
Compute the net cash provided by (used for)operating activities.
A)$26,700
B)$40,700
C)$35,600
D)$11,700

Question

Kentucky Company 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:
1)Current assets,other than cash,increased by $20,000.
2)Current liabilities decreased by $1500.
Compute the net cash provided by (used for)operating activities.
A)$26,700 
B)$40,700 
C)$35,600 
D)$11,700

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11ea8a75_428b_8dcb_a2a1_ab3e4af07dd6_TB6701_00

Kentucky Company Uses the Indirect Method to Prepare the Statement