A Corporation Prepares Its Statement of Cash Flows Using the Indirect

Multiple Choice

A corporation prepares its statement of cash flows using the indirect method to report operating activities.Net income for the 2014 fiscal year was $634,000.Depreciation and amortization expense of $60,000 and $30,000 respectively were included with operating expenses in the income statement.The following information describes the changes in current assets and liabilities other than cash: Determine the net cash flow provided (used) by operating activities.

A) ($692,500)
B) $692,500
C) $723,700
D) ($536,300)
E) ($723,700)