Scranton, Inc. reports net income of $232,000 for the year ended December 31. It also reports $88,600 depreciation expense and a $5,100 gain on the sale of equipment. Its comparative balance sheet reveals a $35,900 decrease in accounts receivable, a $15,950 increase in accounts payable, and a $12,650 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method.

Cash flow form operating activities  $359,800

Explanation:

                                                                       $

Net income                                                   232,000

Add depreciation expense                        88,600

Add Decrease in receivable                          35,900

Increase in account payable                          15,950

Decrease in wages                                        ( 12,650)

Cash flow form operating activities             359,800

Increase in payable and decrease in receivable represent cash inflow while decrease in payable and increase in receivables represent cash outflow

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it