Q 45

RM Company,a manufacturer,has provided the following information pertaining to its recent year of operation: • Net income,$300,000 • Accounts payable increased $24,000 • Prepaid rent decreased $10,000 • Depreciation expense was $35,000 • Accounts receivable increased $34,000 • Gain on sale of a building was $11,000 • Wages payable decreased $21,000 • Unearned revenue increased $44,000 Using the indirect method,how much was RM's net cash provided by operating activities? A)$259,000. B)$327,000. C)$347,000. D)$358,000.

Multiple Choice