The accounting records of Miller Company provided the data below ($ in 000s).

$\begin{array} { l r } \text { Net incorrme}&\$ 17,500\\text { Depreciation expense } & 8,400 \ \text { Increase in accounts receivable } & 4,400 \ \text { Decrease in inventory } & 6,400 \ \text { Decrease in prepaid insurance } & 1,500 \ \text { Decrease in salaries payable } & 2,700 \ \text { Increase in interest payable } & 900 \end{array}$

What is the net cash provided (used)by operating activities?
A) $20,600
B) $27,600
C) $3,800
D) ($27,600)
E) $41,800

Question

The accounting records of Miller Company provided the data below ($ in 000s).

$\begin{array} { l r } \text { Net incorrme}&\$ 17,500\\text { Depreciation expense } & 8,400 \ \text { Increase in accounts receivable } & 4,400 \ \text { Decrease in inventory } & 6,400 \ \text { Decrease in prepaid insurance } & 1,500 \ \text { Decrease in salaries payable } & 2,700 \ \text { Increase in interest payable } & 900 \end{array}$

What is the net cash provided (used)by operating activities?
A) $20,600
B) $27,600
C) $3,800
D) ($27,600)
E) $41,800

Quizplus · Accepted Answer

The Answer of The accounting records of Miller Company provided the data below ($ in 000s).

$\begin{array} { l r } \text { Net incorrme}&\$ 17,500\\text { Depreciation expense } & 8,400 \ \text { Increase in accounts receivable } & 4,400 \ \text { Decrease in inventory } & 6,400 \ \text { Decrease in prepaid insurance } & 1,500 \ \text { Decrease in salaries payable } & 2,700 \ \text { Increase in interest payable } & 900 \end{array}$

What is the net cash provided (used)by operating activities?
A) $20,600
B) $27,600
C) $3,800
D) ($27,600)
E) $41,800

The Accounting Records of Miller Company Provided the Data Below