Question
Hanson Company had the following account balances for 2021: Dec. 31 Jan. 1 Inventory Accounts payable $42,000 $36,000 42,000 58,000 Hanson reported net income
Hanson Company had the following account balances for 2021: Dec. 31 Jan. 1 Inventory Accounts payable $42,000 $36,000 42,000 58,000 Hanson reported net income of $94,000 for 2021. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2021 reported in the statement of cash flows? Multiple Choice $114,000 $104,000 $83000
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-1133161646
