The following data are available for Sampson Corporation. $$\begin{array} { l r }
\text { Net income } & \$ 200,000 \
\text { Depreciation expense } & 60,000 \
\text { Dividends paid } & 90,000 \
\text { Loss on sale of land } & 15,000 \
\text { Decrease in accounts receivable } & 30,000 \
\text { Decrease in accounts payable } & 45,000
\end{array}$$ Net cash provided by operating activities is:
A) $140,000.
B) $260,000.
C) $160,000.
D) $240,000.

Question

The following data are available for Sampson Corporation. $$\begin{array} { l r } 
\text { Net income } & \$ 200,000 \
\text { Depreciation expense } & 60,000 \
\text { Dividends paid } & 90,000 \
\text { Loss on sale of land } & 15,000 \
\text { Decrease in accounts receivable } & 30,000 \
\text { Decrease in accounts payable } & 45,000
\end{array}$$ Net cash provided by operating activities is:
A) $140,000.
B) $260,000.
C) $160,000.
D) $240,000.

Quizplus · Accepted Answer

Net cash provided by operating activities is calculated as: Net income ($200,000) + Depreciation expense ($60,000) + Loss on sale of land ($15,000) + Decrease in accounts receivable ($30,000) - Decrease in accounts payable ($45,000) = $260,000.

The Following Data Are Available for Sampson Corporation Net Cash Provided by Operating Activities Is: A) $140,000

The Following Data Are Available for Sampson Corporation Net Cash Provided by Operating Activities Is:
A) $140,000