Determine net cash flow from operating activities

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At the beginning of 2009, Baldwin Corporation bought an automobile for $36,000 by issuing a note payable. The automobile has a six-year life and is depreciated using the straight-line method. To determine net cash flow from operating activities for 2009 using the indirect method, net income should be

A). Increased by $6,000.

B). Decreased by $6,000

C). Increased by $42,000.

D). Neither increased nor decreased. No adjustments are necessary since no cash was received or paid

Reference no: EM13139790

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