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The net income reported on the income statement for the current year was $240000. Depreciation was $39500. Account receivable and inventories decreased by $11500 and
The net income reported on the income statement for the current year was $240000. Depreciation was $39500. Account receivable and inventories decreased by $11500 and $34500, respectively. Prepaid expenses and accounts payable increased, respectively, by $800 and $7500. How much cash was provided by operating activities? $317200 $290200 $305700 $332200 If a loss of $25200 is incurred in selling (for cash) office equipment having a book value of $84000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is $109200. $25200. $58800. $84000. If a gain of $12400 is incurred in selling (for cash) office equipment having a book value of $114000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is $101600. $126400. $12400. $114000
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