Question
Bonita Company reported net income of $55000 for the year. During the year, accounts receivable decreased by $8500, accounts payable increased by $4100 and depreciation
Bonita Company reported net income of $55000 for the year. During the year, accounts receivable decreased by $8500, accounts payable increased by $4100 and depreciation expense of $5300 was recorded. Net cash provided by operating activities for the year is
$54100.
$49700.
$42400.
$72900.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
