The Net Income Reported on the Income Statement for the Current

question 9

Multiple Choice

The net income reported on the income statement for the current year was $79,000.Depreciation was $6,000.Account receivable and inventories decreased by $1,100 and $2,700, respectively.Prepaid expenses and accounts payable increased, respectively, by $950 and $3,000.How much cash was provided by operating activities?

• A) $86,750
• B) $90,850
• C) $85,150
• D) $83,250