Business acct homework?

-Euro Bistro earned net income of $60,000 after deducting depreciation of $4,000 and all other expenses. Current assets increased by $3,000, and current liabilities decreased by $5,000. How much was Euro Bistro's cash provieded by operations using the indirect method?





a. $48,000



b. $80,000



c. $52,000



d. $56,000Net Income $60,000

Add depreciation 4,000 ( non fund transaction )

Less Increase in CA 3,000

Less Decrease in C L 5,000

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Cash y operation $ 56,000