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Question 21 4 pts Adama Company reported a net income of $6,000 for the year ended December 31, 2017. During the year, accounts receivable increased
Question 21 4 pts Adama Company reported a net income of $6,000 for the year ended December 31, 2017. During the year, accounts receivable increased $15,000, merchandise inventory decreased $12,000, accounts payable decreased by $20,000, and depreciation expense of $12,000 was recorded. During 2017, operating activities provided net cash of $21,000 used net cash of $29,000 provided net cash of $5,000 used net cash of $5,000 Question 22 4 pts The net income reported on the income statement for the current year was $245,000. Depreciation was $40,000. Account receivable and inventories decreased by $12,000 and $35,000, respectively. Prepaid expenses and accounts payable increased, respectively, by $1,000 and $8,000. How much cash was provided by operating activities
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