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During 2017 the DLD Company had net income of $87,000. In addition, selected accounts showed the following changes: Accounts Receivable $3,000 increase Accounts Payable 1,000
During 2017 the DLD Company had net income of $87,000. In addition, selected accounts showed the following changes:
Accounts Receivable $3,000 increase
Accounts Payable 1,000 increase
Buildings 4,000 decrease
Depreciation Expense 1,500 increase
Bonds Payable 8,000 increase
Gain on Sale of Equipment 5,000
What was the amount of cash provided by operating activities?
$82,000 | ||
$83,500 | ||
$91,000 | ||
$81,500 |
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