Find answers to your questions faster and easier with IDNLearn.com. Get accurate answers to your questions from our community of experts who are always ready to provide timely and relevant solutions.

Ophelia Org. uses the indirect method to determine net cash provided by operating activities. During 2017, Ophelia experienced a decrease in Accounts Receivable of $10,000, a decrease in Accounts Payable of $15,000, and Amortization Expense of $6,000. What should be reported as the net cash provided by operating activities if net income was reported at $100,000 and dividend payments were $25,000

Sagot :

The net cash provided by Ophelia Org.'s operating activities is $131,000.

Data and Calculations:

Decrease in Accounts Receivable = $10,000

Decrease in Accounts Payable = $15,000

Amortization Expense $6,000

Net income = $100,000

Dividend payments = $25,000

Net Cash from Operating Activities:

Net income =                                   $100,000

Add: Amortization Expense               $6,000

Decrease in Accounts Receivable  $10,000

Decrease in Accounts Payable       $15,000

Cash provided by operations =     $131,000

Thus, the net cash provided by Ophelia Org.'s operating activities is $131,000.

Learn more: https://brainly.com/question/15870707