Question
At the end of the year, Rolfes Corporation reported net income of $60,000. During the year, depreciation expense was $75,000, accounts payable increased $3,000, inventory
At the end of the year, Rolfes Corporation reported net income of $60,000. During the year, depreciation expense was $75,000, accounts payable increased $3,000, inventory decreased by $8,000 and accounts receivable increased $5,000. Therefore, based upon this information, the "net cash provided by operating activities" was
| $119,000 | ||
| $129,000 | ||
| $141,000 | ||
| $151,000 |
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Fraud In Accounts Payable How To Prevent It
Authors: Mary S. Schaeffer
1st Edition
0470260459, 978-0470260456
