The net income reported on the income statement for the current year was $220,000.
depreciati...
Business, 21.11.2019 04:31 reghanhoward3
The net income reported on the income statement for the current year was $220,000.
depreciation was $50,000. accounts receivable and inventories decreased by $10,000 and $30,000, respectively.
prepaid expenses and accounts payable increased, respectively, by $1,000 and $8,000.
how much cash was provided by operating activities?
a. $281,000
b. $317,000
c. $301,000
d. $239,000
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