Hemmer Company reported net income for 2018 in the amount of $40,000. The company's financial statements also included the following: Decrease iry accounts receivable$~~~~\$ 6,000$
Increase in inventory$~~~~~~~~~~1,000$
Depreciation expense$~~~~~~~~~3,000$

What is net cash provided by operating activities?
A) $38,000.
B) $43,000.
C) $35,000.
D) $48,000.

Question

Hemmer Company reported net income for 2018 in the amount of $40,000. The company's financial statements also included the following: Decrease iry accounts receivable$~~~~\$ 6,000$
Increase in inventory$~~~~~~~~~~1,000$
Depreciation expense$~~~~~~~~~3,000$

What is net cash provided by operating activities?
A) $38,000.
B) $43,000.
C) $35,000.
D) $48,000.

Quizplus · Accepted Answer

$\begin{array} { l }
Net~ income\
Decrease~ in ~accounts ~receivable\
Increase ~in ~inventory\
Depreciation ~expense\
Net ~cash~ flows~ from~ operating ~activities
\end{array}$$\begin{array} { r } 540,000 \ 6,000 \ (1,000) \ 3,000 \ \hline \$ 48,000\\hline \end{array}$

Hemmer Company Reported Net Income for 2018 in the Amount $6,000~~~~\$ 6,000 $6,000

Hemmer Company Reported Net Income for 2018 in the Amount $~~~~\$ 6,000$