Concord Corporation reported net income of $220000 for the year. During the year, accounts receivable increased by $16000, accounts payable decreased by $7000 and depreciation expense of $34000 was recorded. Net cash provided by operating activities for the year is

$209000.

$195000.

$220000.

$231000.

Answer rating: 100% (QA)

Correct answer is 231000 Particulars Amount net income 220000 Add Depr... View the full answer