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GJ Company, a manufacturer, has provided the following information pertaining to its recent year of operation: .Net income, $440,000 . Accounts payable decreased $36,000
GJ Company, a manufacturer, has provided the following information pertaining to its recent year of operation: .Net income, $440,000 . Accounts payable decreased $36,000 Prepaid assets increased $25,000 Depreciation expense was 7,000 Accoun receivable decreased $35,000 Loss on sale of a depreciable asset was $25,000 Wages payable increased $27,000 Unearned revenue decreased $25,000 Patent amortization expense was $13,000 Using the indirect method, how much was GJ's net cash provided by operating activities? Multiple Choice $476,000. $551,000. $501,000 $379,000.
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