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Kentucky Company Uses the Indirect Method to Prepare the Statement

Question 11

Multiple Choice

Kentucky Company uses the indirect method to prepare the statement of cash flows.Refer to the following income statement: 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 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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