Question: marty uses the visual inspection method for preparing the statement of cash flows. Selected information for Marty Company during 2016 follows: Accounts Payable : Difference
marty uses the visual inspection method for preparing the statement of cash flows. Selected information for Marty Company during 2016 follows:
Accounts Payable : Difference between Year end and Year beggining: +$7
Accounts Receivable: +$8
Common Stock: +$12
Patent Amortization -$3
Inventory.- $10
If Marty reported net income of $320, what was the net cash provided by operating activities for 2016?
A. $329
B. $330
C. $332
D. $342
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
