Asked by
Gaurang Sharma
on Dec 01, 2024
Verified
Net cash provided by operating activities was:
A) $120,000.
B) $60,000.
C) $70,000.
D) $80,000.
E) $130,000.
Statement of Cash Flows
A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.
Indirect Method
A technique used in cash flow statements to adjust net income for changes in non-cash operating activities to calculate net cash provided by operating activities.
Operating Activities
Activities directly related to the daily business operations, including cash inflows and outflows from selling products and services.
- Ascertain the net cash inflow or outflow from operating activities, utilizing the indirect method, given certain financial data.
Verified Answer
JC
Learning Objectives
- Ascertain the net cash inflow or outflow from operating activities, utilizing the indirect method, given certain financial data.