Bernard, Inc. prepares a statement of cash flows using the visual inspection method. in 2016,...
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Bernard, Inc. prepares a statement of cash flows using the visual inspection method. in 2016, Bernard had net income of $54,000. In addition, the following information is available:
Gain on sale of land: $16,000
Decrease in Inventories: $10,000
Amortization of Patents: $4000
Increae in Prepaid Expenses: $3,000
What net cash provided by operating activities should Bernard report in 2016?
A. $46,000
B. $72,000
C. $49,000
D. $50,000
Please explain as well....
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