LKN Company reported net income of $90,000 for the year. During the year, accounts receivable increased by
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Question:
LKN Company reported net income of $90,000 for the year. During the year, accounts receivable increased by $6,000, accounts payable decreased by $4,000 and depreciation expense of $10,000 was recorded. Net cash provided by operating activities for the year is.
A) $100,000.
B) $80,000.
C) $82,000.
D) $90,000
Related Book For
Intermediate Accounting
ISBN: 978-0324312140
16th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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