Hanson Company had the following account balances for 2009: Hanson reported net income of $90,000 for 2009. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2009 reported in the statement of cash flows?
A)$ 70,000.
B)$ 80,000.
C)$100,000.
D)$110,000.

Question

Quizplus · Accepted Answer

Net income + depreciation and amortization - increase in accounts receivable - increase in inventory = net cash provided by operating activities$90,000 + $10,000 - $5,000 - $15,000 = $70,000

Hanson Company Had the Following Account Balances for 2009: Hanson