Question
Lorenzo Company's 2022 income statement reported total revenues, $869,000 and total expenses (including $49,500 depreciation) of $729,500. The company's accounting records showed the following:
Lorenzo Company's 2022 income statement reported total revenues, $869,000 and total expenses (including $49,500 depreciation) of $729,500. The company's accounting records showed the following: accounts receivable-beginning balance, $49,500 and ending balance, $61,400; accounts payable -beginning balance, $41,300 and ending balance, $31,500. Based only on this information, how much was the 2022 net cash provided by operating activities? Multiple Choice $192,050. $167.300. $211,650. $186,900
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