Question
Blue Company's worksheet for the preparation of its year 8 statement of cash flows included the following: December 31 January 1 Accounts receivable, before
Blue Company's worksheet for the preparation of its year 8 statement of cash flows included the following: December 31 January 1 Accounts receivable, before any allowance $ 19,000 $ 15,000 Allowance for credit losses 650 400 Prepaid insurance expense 5,200 8,300 Accounts payable 12,600 9,800 Blue's year 8 net income is $125,000. What amount should Blue include as net cash provided by operating activities in the statement of cash flows? Multiple Choice $120,950 $125,000 $126,650 $127,150
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