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Ohio,IncUses the Indirect Method to Prepare the Statement of Cash

Question 43

Multiple Choice

Ohio,Inc.uses the indirect method to prepare the statement of cash flows.Refer to the following income statement: Ohio,Inc.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: Current assets,other than cash,decreased by $5500. Current liabilities increased by $2500. Compute the net cash provided by (used for) operating activities. A) $(33,500)  B) $(61,900)  C) $10,700 D) $38,700 Additional information provided by the company includes the following:
Current assets,other than cash,decreased by $5500.
Current liabilities increased by $2500.
Compute the net cash provided by (used for) operating activities.


A) $(33,500)
B) $(61,900)
C) $10,700
D) $38,700

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