. / ? Chapter 16 Quiz-ACC, i , x / @ Take a Test-parthiv patel Apps stc email Tw
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. / ? Chapter 16 Quiz-ACC, i , x / @ Take a Test-parthiv patel Apps stc email Twitch Savanah Tech -Bl. Netix 0 Seranah Techric Quiz: Chapter 16 Quiz ?-> C i Secure l https://www.athxl.com/Student Pl x?te profile, ur https%3a%2f%2fsavannahtech.black board.com%2flearn%2fapi%2tv1%2fit?%2fprofilea.. TwtterLogn YouibeWEATHER CHANE ? 1?1 Netfli ACCT 1105 CRN 60354 partiv patel | 7/7/18 2:06 P Submit Q This Question: 1 pt 110120 (10complete) ? This Quiz: 20 pts possi Hobby Gas Station earned net income of $67,000 after deducting depreciation Hobby Gas Station's cash provided by operating activities (indirect method)? of $5,000 and all other expenses. Current assets decreased by $4,000, and current liabilities increased by $7,000. How much was O A. $75,000 OB. $59,000 O c. $51,000 D. S83.000 Click to select your answer MacBook ProExplanation / Answer
D. $83,000
Cash provided by operating activities? (indirect method) = Net income + Depreciation + Decrease in current assets + Increase in current liabilities = $67,000 + $5,000 + $4,000 + $7,000 = $83,000
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