Business, 23.10.2019 17:00 Vimmia

Smithson corp. had the following selected balance sheet changes for the past year:

assets increase (decrease)

cash $47,000

accounts receivable $10,000

inventory $15,000

prepaid expenses ($7,000)

accumulated depreciation $11,000

liabilities increase (decrease)

accounts payable $20,000

wages payable ($12,000)

taxes payable $9,000

the company's net income during the year was $35,000. what is the net cash provided by operating activities during the year on the statement of cash flows using the indirect method?
a) $22,000 b) $46,700 c) $101,700 d) $15,000

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Smithson corp. had the following selected balance sheet changes for the past year:

asse...