Majorn Auto Parts Store had net income of $90,000 for the year just ended. Majorn collected the following additional information to prepare its statement of cash flows for the year:
Increase in accounts receivable $120,000
Decrease in inventory $27,000
Decrease in accounts payable $44,000
Increase in retained earnings $38,000
Cash received from sale of building $224,000
Gain on sale of building $56,000
Depreciation expense $41,000
Majorn uses the indirect method to prepare its statement of cash flows. What is Majorn's net cash provided (used) by operating activities?
$(62,000)
$50,000
$306,000
$212,000

A business's overall inflow and outflow of cash are known as cash flow. It serves as a crucial gauge of your company's financial health.
You can pay expenditures, put money into new prospects, and expand your firm with a steady, positive cash flow.
The three categories of cash flow are operating, investing, and financing cash flow.
In order to fulfill your current financial responsibilities and make plans for the future, you need to have a positive cash flow. But for small firms, cash flow is a regular problem.
When the amount of money leaving the organization exceeds the amount of money coming in, there is a cash flow issue.

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