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Wilson Company reported net income of $105,000 for the year ended December 31, 2014. During the year, inventories decreased by $15,000, accounts payable decreased by $20,000, depreciation expense was $18,000 and a gain on disposal of equipment of $9,000 was recorded. Net cash provided by operating activities in 2014 using the indirect method was

Sagot :

Tundexiidn

Answer:

$109,000

Explanation:

Particulars                                                                Amount

Net income                                                             $105,000

Add: Depreciation expense                                  $18,000

Less: Gain on disposal of equipment                   ($9,000)

Add: Inventory decrease                                       $15,000

Less: Accounts payable decrease                        ($20,000)

Net cash provided by operating activities          $109,000

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