Business, 08.03.2021 20:10, hallmansean04
A company's income statement showed the following: net income, $134,000; depreciation expense, $30,000; and gain on sale of plant assets, $4,000. An examination of the company's current assets and current liabilities showed the following changes: accounts receivable decreased $9,400; merchandise inventory increased $18,000; prepaid expenses increased $6,200; accounts payable increased $3,400. Calculate the net cash provided or used by operating activities.
Answers: 2
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A company's income statement showed the following: net income, $134,000; depreciation expense, $30,0...
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