During the current year, morgan, inc., had net income of $657,000. morgan also recorded $203,000 in deprecation expense and had the following changes in its balance sheet accounts: accounts receivable $ 28,000 increase inventories 12,000 decrease accounts payable 21,000 decrease compute the net cash provided by operating activities using the indirect method.

$823,000

Explanation:

To determine the net cash provided by operating activities using the indirect method we can use the following formula:

net cash flow = net income + depreciation expense - accounts receivable increase + inventory decrease - accounts payable decrease

net cash flow = $657,000 + $203,000 - $28,000 + $12,000 - $21,000 = $823,000

If accounts receivable decreased, then it would be added.

If inventories increased, then it would be subtracted.

If accounts payable increased, then it would be added.

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