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9 October, 14:31

A company had net income of $210600. Depreciation expense is $27000. During the year, Accounts Receivable and Inventory increased $16900 and $41700, respectively. Prepaid Expenses and Accounts Payable decreased $5000 and $6200, respectively. There was also a loss on the sale of equipment of $1800. How much cash was provided by operating activities

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  1. 9 October, 16:12
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    Answer: The amount of cash provided by operating activities is $179,600.

    Explanation:

    Statement of cash flows for the company

    Net income $210,600

    Add Depreciation expense 27,000

    Add Loss on sale of equipment 1,800

    Increase in Accounts receivable (16,900)

    Increase in Inventory (41,700)

    Decrease in Prepaid expenses 5,000

    Decrease in Accounts payable (6,200)

    Cash flows fron operating activities $179,600
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