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For 2016 NCAA corp. earned net income of $212,000 which included depreciation expense of $39,000. Also, the company experienced the following changes in the account
For 2016 NCAA corp. earned net income of $212,000 which included depreciation expense of $39,000. Also, the company experienced the following changes in the account balances listed below:
Using this information, what amount will be reported for net cash provided by operating activities for 2016?
a. $266,000.
b. $252,500.
c. $162,500.
d. $153,500.
Decreases Increases receivabl6,000 Accounts payable $22,500 Inventory...18,000 Accounts receivable$ 6,000 Prepaid expenses 16.500Step by Step Solution
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