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Assume a company had net income of $81,000 that included a gain on the sale of equipment of $4,000 provided the following excerpts from
Assume a company had net income of $81,000 that included a gain on the sale of equipment of $4,000 provided the following excerpts from s balance sheet This Year Last Year Current assets: Accounts receivable Inventory $ 40,000 $46,000 $ 53,000 $ 50,000 Prepaid expenses $ 13,000 Current liabilities: Accounts payable $ 38,000 $ 11,000 $44,000 Accrued liabilities $ 18,000 $ 15,000 Income taxes payable $ 13,000 $ 10,000 If the credits to the company's accumulated depreciation account were $21,000, then based solely on the information provided the company's net cash provided by (used in) operating activities would be: Multiple Choice $65,000.
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