The net income reported on the income statement for the current year was $225,000. Depreciation recorded on plant assets was $38,000. Accounts receivable and inventories increased by $2,000 and $8,000, respectively. Prepaid expenses and accounts payable decreased by $1,000 and $11,000 respectively. How much cash was provided by operating activities?
A) $205,000
B) $243,000
C) $225,000
D) $259,000

Question

Quizplus · Accepted Answer

The Answer of The net income reported on the income statement for the current year was $225,000. Depreciation recorded on plant assets was $38,000. Accounts receivable and inventories increased by $2,000 and $8,000, respectively. Prepaid expenses and accounts payable decreased by $1,000 and $11,000 respectively. How much cash was provided by operating activities?
A) $205,000
B) $243,000
C) $225,000
D) $259,000

The Net Income Reported on the Income Statement for the Current