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, $130,000; depreciation expense, $38,000; and gain...

90.2K

Verified Solution

Question

Accounting

A company's income statement showed the following: net income, $130,000; depreciation expense, $38,000; and gain on sale of plant assets, $12,000. The company's current assets and current liabilities showed the following changes: accounts receivable decreased $11,000; merchandise inventory increased $26,000; prepaid expenses increased $7,800; accounts payable increased $5,000. Calculate the net cash provided or used by operating activities.

  • $138,200.

  • $179,800.

  • $153,800.

  • $158,600.

  • $151,800.

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

Accounting
1.2K views

Instructions: You are the Chief Financial Officer (CFO) of a firm that is being sued for damages...

Physics
1.2K views

We did an experiment : determination of entropy changes during melting of ice in a closed...

Advance Math
1.2K views

4. Prove that for any n?Z+, An ?Sn.

General Management
1.2K views

There are five categories that play a role in the production sector of manufacturing medical devices....

Biology
1.2K views

6 How does the Transtheoretical Model describe a person s movement through the Stages of...

Statistics
1.2K views

Suppose that you have two sets of data to work with The first set is...

Calculus
1.2K views

A bag with 10 marbles has 2 blue marbles and 8 yellow marbles A marble...

Calculus
1.2K views

Determine the convergence or divergence of the series using any appropriate test from this chapter...

Algebra
1.2K views

Find all points having a y-coordinate of - 6whose distance from the point 11, 22...

Accounting
1.2K views

Please follow the instructions and show your work! QUESTION 3 Frosty Queen Creamery...

Accounting
1.2K views

A builder has located a piece of property that she would like to buy and...

Accounting
1.2K views

Canh Budget The controler of Sonoma Housewares Inc. instructs you to prepare a monthil cash...