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GJ Company, a manufacturer, has provided the following information pertaining to its recent year of operation: Net income, $420,000 Accounts payable decreased $34,000 Prepaid assets
GJ Company, a manufacturer, has provided the following information pertaining to its recent year of operation:
- Net income, $420,000
- Accounts payable decreased $34,000
- Prepaid assets increased $23,000
- Depreciation expense was $45,000
- Accounts receivable decreased $33,000
- Loss on sale of a depreciable asset was $23,000
- Wages payable increased $28,000
- Unearned revenue decreased $23,000
- Patent amortization expense was $14,000
Using the indirect method, how much was GJ's net cash provided by operating activities?
$460,000
$529,000
$483,000
$357,000
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