Rice Company,a Retailer,has Provided the Following Information Pertaining to Its

question 37

Multiple Choice

Rice Company,a retailer,has provided the following information pertaining to its recent year of operation:
• Net income,$100,000
• Accounts receivable increased $9,000
• Prepaid insurance decreased $3,000
• Depreciation expense was $15,000
• Gain on sale of land,$2,000
• Wages payable decreased $7,000
• Unearned revenue increased $11,000
Using the indirect method,how much was Rice's net cash provided by operating activities?

• A)$89,000.
• B)$115,000.
• C)$125,000.
• D)$111,000.

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