G Crane Company reported net income of $63000 for the year. During the year, accounts receivable decreased by $7600, accounts payable increased by $4100 and depreciation expense of $4700 was recorded. Net cash provided by operating activities for the year is

$79,400

Explanation:

The Net Cash Provided income can be calculated as follows:

Net income                        63000

Depreciation                         4700    

Expense                                                

Decrease in A/C

receivables                           7600        +

Increase in account

payable                                  4100                                                        

Net Cash Provided:             79,400                                                      

answerthe above statement is false;