Leather shopleather shop earned net income of $57,000 after deducting depreciation of $5,000 and all other expenses. current assets decreased by $4,000, and current liabilities increased by $9,000. how much was leather shop'sleather shop's cash provided by operating activities (indirect method)? (a) $40,000(b) $66,000(c) $48,000(d) $74,000

$75,000

This option has not been provided

Explanation:

Cash provided by operating activities

Net Operating Income

Add: Depreciation

Add: Decrease in current assets

Add: Increase in Current Liabilities

Using the information in question, we have

Cash Provided by operating activities = $57,000 + $5,000 + $4,000 + $9,000 = $75,000

None of the above is the right answer as the correct option is not available.

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