In Flagg Company, net income is $ 280,000. If accounts receivable increased $ 145,000 and accounts payable decreased $ 50,000, net cash provided by operating activities using the indirect method is:
$ 475,000. $ 185,000. $ 85,000. $ 375,000. 14- Multiple Choice Question 56
The category that is generally considered to be the best measure of a company’ s ability to continue as a going concern is
usually different from year to year. cash flows from operating activities. cash flows from investing activities. cash flows from financing activities. 15- Multiple Choice Question 150 Financing activities involve cash receipts from sales of goods and services. acquiring and disposing of productive long-lived assets. lending money to other entities and collecting on those loans. long-term liability and owners’ equity items.