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28 Sep 2019
A company had net income of $210,000. Depreciation expense is$27,000. During the year, Accounts Receivable and Inventoryincreased $17,000 and $42,000, respectively. Prepaid Expenses andAccounts Payable decreased $5,000 and $6,000, respectively. Therewas also a loss on the sale of equipment of $2,000. How much cashwas provided by operating activities?
A) $271,000
B) $175,000
C) $179,000
D) $241,000
A company had net income of $210,000. Depreciation expense is$27,000. During the year, Accounts Receivable and Inventoryincreased $17,000 and $42,000, respectively. Prepaid Expenses andAccounts Payable decreased $5,000 and $6,000, respectively. Therewas also a loss on the sale of equipment of $2,000. How much cashwas provided by operating activities?
A) $271,000
B) $175,000
C) $179,000
D) $241,000
Hubert KochLv2
28 Sep 2019