Question
The net income reported on the income statement for the current year was $212000. Depreciation recorded on plant assets was $35500. Accounts receivable and
The net income reported on the income statement for the current year was $212000. Depreciation recorded on plant assets was $35500. Accounts receivable and inventories increased by $2100 and $7900, respectively. Prepaid expenses and accounts payable decreased by $1900 and $12500 respectively. How much cash was provided by operating activities? O $247500 O $212000 O $191600 O $226900
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
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