During 2010, Bates Company earned net income of $275,000 which included depreciation expense of $34,000. The company had a loss on the sale of equipment of $2,000 and the following changes in account balances occurred:

Based upon this information, what amount will be shown for net cash provided by operating activities for 2010?
A) $289,000
B) $307,000
C) $321,000
D) $323,000
E) $325,000

Question

During 2010, Bates Company earned net income of $275,000 which included depreciation expense of $34,000. The company had a loss on the sale of equipment of $2,000 and the following changes in account balances occurred:

Based upon this information, what amount will be shown for net cash provided by operating activities for 2010?

Based upon this information, what amount will be shown for net cash provided by operating activities for 2010?
A) $289,000 
B) $307,000 
C) $321,000 
D) $323,000 
E) $325,000

Quizplus · Accepted Answer

The Answer of During 2010, Bates Company earned net income of $275,000 which included depreciation expense of $34,000. The company had a loss on the sale of equipment of $2,000 and the following changes in account balances occurred:

Based upon this information, what amount will be shown for net cash provided by operating activities for 2010?
A) $289,000 
B) $307,000 
C) $321,000 
D) $323,000 
E) $325,000

During 2010, Bates Company Earned Net Income of $275,000 Which