Question
During 2017 the Cullumber Company had a net income of $85200. In addition, selected accounts showed the following changes: Accounts Receivable$3400 increase Accounts Payable800 increase
During 2017 the Cullumber Company had a net income of $85200. In addition, selected accounts showed the following changes:
Accounts Receivable$3400 increase
Accounts Payable800 increase
Buildings4100 decrease
Depreciation Expense1700 increase
Bonds Payable8400 increase
What was the amount of cash provided by operating activities?
a)$86900.
b)$95400.
c)$85200.
d)$84300.
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College Accounting Chapters 1-15
Authors: James A Heintz, Robert W Parry
19th Edition
0324376162, 978-0324376166
