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Liberty Corporation had net income of $120,000 during the year. Depreciation expense was $6,000. The following information is available: Held- to-Maturity Bonds purchased Common Stock
Liberty Corporation had net income of $120,000 during the year. Depreciation expense was $6,000. The following information is available: Held- to-Maturity Bonds purchased Common Stock issued Accounts Receivable Accounts Payable Gain on sale of AFS Investment 25,000 increase 70,000 increase 10,000 decrease 15,000 increase 5,000 increase What amount should Liberty report as net cash provided by operating activities in its statement of cash flows for the year? Multiple Choice $146,000 () O $10,000 $20,000 $30,000
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