A company had net income of $252,327. Depreciation expense is $21,821. During the year, Accounts Receivable and Inventory increased by $14,346 and $33,617, respectively. Prepaid Expenses and Accounts Payable decreased by $3,079 and $4,161, respectively. There was also a loss on the sale of equipment of $5,398. How much cash was provided by operating activities? Select the correct answer.
a. $279,546
b. $219,705
c. $261,357
d. $230,501
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A company had net income of $252,327. Depreciation expense is $21,821. During the year, Accounts Receivable and Inventory increased by ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A temporarily intoxicated person who did not even know she was entering into a contract of marriage could avoid the contract. True or False
Answers (2)
Generally, a merger of two corporations requires A. That a special meeting notice and a copy of the merger plan be given to all shareholders of both corporations. B. Unanimous approval of the merger plan by the shareholders of both corporations. C.
Answers (1)
At a four-way stop, if two cars arrive at the intersection at the same time: A) the larger car has the right of way B) the vehicle on the right yields to the vehicle on the left C) the smaller car has the right of way D) the vehicle on the left
Answers (1)
Which county office has responsibility for determining the value of real estate?
Answers (1)
Stritch Company is trying to decide how many units of merchandise to order each month. The company's policy is to have 20% of the next month's sales in inventory at the end of each month.
Answers (1)
New Questions in Business
Whose responsibility is it to develop a policy for anaphylaxis management in a specific school?
Answers (1)
Carrvour Inc. is a company that manufactures steel, cement, cars, and consumerelectronics under a single brand.
Answers (1)
What changes would not shift the demand curve for a good or service?
Answers (1)
Suppose the economy is in long-run equilibrium. In a short span of time, there is a sharp rise in the stock market, an increase in government purchases, an increase in the money supply and a decline in the value of the dollar. In the short run a.
Answers (1)
All externalities: A. cause equilibrium prices to be too high. B. cause equilibrium prices to be too low. C. benefit producers at the expense of consumers. D. cause markets to fail to allocate resources efficiently.
Answers (1)