Question
A company reported net income of SAR35, 000 for the year. During the year, accounts receivable increased by SAR7, 000 accounts payable decreased by SAR3,000
A company reported net income of SAR35, 000 for the year. During the year, accounts receivable increased by SAR7,000 accounts payable decreased by SAR3,000 and depreciation expense of SAR8,000 was recorded. Net cash provided by operating activities for the year is:
a. SAR 53,000.
b. SAR 47.000.
c. SAR 33,000.
d. SAR 37.000.
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Accounting For Value
Authors: Stephen Penman, S Penman
1st Edition
0231151187, 9780231151184
