Business, 23.03.2020 21:15 moningersavannah

Presented below is the operating activities section of the statement of cash flows for Golden Consulting for 2016:

Operating activities:

Net income $ 92,000

Add: Depreciation 20,000

Decrease in accounts receivable 8,000

$120,000

Deduct: Decrease in accounts payable (6,000)

Net cash inflow from operating activities $114,000

Which method of preparing the operating activities section has Golden Consulting used?

a. The direct method b. The indirect method c. Either method d. Cannot be determined without further information

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Presented below is the operating activities section of the statement of cash flows for Golden Consul...

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