Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company's income statement showed the following:

A company's income statement showed the following: net income, $125,000; depreciation expense, $30,500; and gain...

80.2K

Verified Solution

Question

Accounting

A company's income statement showed the following: net income, $125,000; depreciation expense, $30,500; and gain on sale of plant assets, $4,500. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,500; merchandise inventory increased $18,500; prepaid expenses increased $6,300; accounts payable increased $3,500. Calculate the net cash provided or used by operating activities.

a. $167,800.

b. $139,800.

c. $146,600.

d. $141,800.

e. $139,200

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

Which of the following is the strongest acid?  HOI HOH HOCI HOBr HSH

Physics
1.2K views

The wavelengths of the Ka X ray radiations from two sources P and Q are...

Statistics
1.2K views

A group on campus will make and sell bracelets to benefit a charity The pront...

Calculus
1.2K views

Compare the graph of the function with the graph of its parent function y x...

Accounting
1.2K views

Almendarez Corporation is considering the purchase of a machine that would cost...

Accounting
1.2K views

Calculating Activity-Based Costing Overhead Rates Assume that manufacturing overhead for Windsor Company consisted of the...

Accounting
1.2K views

FLOW CHART FOR ACCOUNTS RECEIVABLE Need help with flowchart for Accounts Receivable. ...

Accounting
1.2K views

You work for a small accounting firm in Halifax and are filling in as a...

Accounting
1.2K views

Selected accounts from Westeros Company's adjusted trial balance for the year ended December 31 follow....

Accounting
1.2K views

rom inception until this year the Rapid Coaster had been FFs main attraction, but as...

Finance
1.2K views

A firm has shortlisted the following two alternative projects for investment of $120 million. The...

Accounting
1.2K views

analyze the effects of the SECs data breach disclosure requirement on financial reporting, based on...