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Romeo Company had the following account balances for 2013: Dec. 31 Jan. 1 Accounts receivable $41,000 $32,000 Accounts payable 55,000 60,000 Romeo reported net income
Romeo Company had the following account balances for 2013: Dec. 31 Jan. 1 Accounts receivable $41,000 $32,000 Accounts payable 55,000 60,000 Romeo reported net income of $220,000 for 2013. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2013 reported in the statement of cash flows? $224,000. $206,000. $234,000. $216,000.
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