What is the net cash provided by operating activity? $230,000 $160,000 O $190,000 O $250,000 O None of the above D Question 16 X Corporation prepays Insurance $36,000 at the start of the whole year. The entry for the amount paid is? O Prepaid expense increase $36,000; Cash decrease $36,000 Cash decrease $38,000 Insurance liability decrease $36,000 O Cash decrease $36,000 Prepaid expense decrease $36,000 None of the above Question 17 X Corp receives cash $30,000 for products not yet delivered. The entry recorded is Cash increase $30,000; Liability increase $30,000 Liability increase $30,000; Revenue increase $30,000 O Asset (Accounts receivable) increase $30,000; Revenue decrease $30,000 Cash increases $30,000; Liability decrease $30,000 None of the above