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In the Paper Corporation, cash receipts from customers were $56,000, cash payments for operating expenses were $12,000, and the company's $9,300 accounts payable were paid
In the Paper Corporation, cash receipts from customers were $56,000, cash payments for operating expenses were $12,000, and the company's $9,300 accounts payable were paid during the year. Net cash provided by operating activities is:
a. | $44,000 | |
b. | $34,700 | |
c. | $56,000 | |
d. | $2,700 |
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