Posted: April 3rd, 2017

Use the following information and the indirect method to calculate the net cash provided or used by operating activities:

Use the following information and the indirect method to calculate the net cash provided or used by operating activities:
Cash paid for purchase of plant assets $15,000
Decrease in interest payable 2,000
Depreciation expense 30,000
Gain on retirement of bonds 32,000
Increase in accounts receivable 40,000
Loss on sale of plant assets 5,000
Net Income 76,000