The net income reported on the income statement for the current year was $233000. Depreciation recorded on plant assets was $34500. Accounts receivable and inventories increased by $1700 and $7600, respectively. Prepaid expenses and accounts payable decreased by $2500 and $12300 respectively. How much cash was provided by operating activities?

Answer rating: 100% (QA)

Cash Flow from Operating Activities It is the first secti... View the full answer