A company had net income of $210,000. Depreciation expense is $27,000. During the year, Accounts Receivable and
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A company had net income of $210,000. Depreciation expense is $27,000. During the year, Accounts Receivable and Inventory increased $17,000 and $42,000, respectively. Prepaid Expenses and Accounts Payable decreased $5,000 and $6,000, respectively. There was also a loss on the sale of equipment of $2,000. How much cash was provided by operating activities?
A) $271,000
B) $175,000
C) $179,000
D) $241,000
Expert Answer:
Operating Cash flow can be derived from Net Income by making adjustments to get the actual cash flow ... View the full answer
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