Multiple Choice
Toga Corporation reported profit of $50,000 for the year. During the year, trade receivables increased by $8,000, trade payables decreased by $4,000 and depreciation expense of $6,000 was recorded. Net cash provided by operating activities for the year, using the indirect method, is
A) $54,000.
B) $44,000.
C) $50,000.
D) $56,000.
Correct Answer:
Verified
Correct Answer:
Verified
Q97: The quality of earnings ratio (Cash Flow
Q98: A low capital expenditures ratio indicates a
Q99: Which one of the following items is
Q100: Complete the following statement of cash flows
Q101: The sales revenue reported on the income
Q102: Short-term investments in marketable equity securities are
Q104: The income statement, statement of financial position
Q105: Trade receivables arising from sales to customers
Q106: In 2013, C Co. disclosed cash paid
Q107: The 20B income statement for Ryan Corporation