Question: Using the selected data below, calculate the net cash provided by operating activities: Net income $240,000 Increase in accounts receivable $15,000 Increase in accounts payable
Using the selected data below, calculate the net cash provided by operating activities:
| Net income | $240,000 |
| Increase in accounts receivable | $15,000 |
| Increase in accounts payable | $12,000 |
| Gain on the sale of equipment | $8,000 |
| Depreciation expense | $18,000 |
| Purchase of new delivery truck | $35,000 |
Question 1 options:
| $247,000 | |
| $250,000 | |
| $255,000 | |
| $263,000 |
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