Question
Spice Company reported net income of $90,000 for the year. During the year, accounts receivable increased by $6,000, accounts payable decreased by $4,000 and depreciation
Spice Company reported net income of $90,000 for the year. During the year, accounts receivable increased by $6,000, accounts payable decreased by $4,000 and depreciation expense of $10,000 was recorded. Net cash provided by operating activities for the year is
| A. | $90,000. | |
| B. | $82,000. | |
| C. | $100,000. | |
| D. | $80,000. |
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Managerial Accounting
Authors: Crosson
9th Edition
B00650WABQ
