LKN Company Reported Net Income of $90,000 for the Year

question 80

Multiple Choice

LKN Company reported net income of $90,000 for the year. During the year, accounts receivable increased by $6,000, accounts payable decreased by $4,000 and depreciation expense of $10,000 was recorded. Net cash provided by operating activities for the year is

• A)$100,000.
• B)$80,000.
• C)$82,000.
• D)$90,000.

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Definitions:

PHStat

An Excel add-in designed to perform statistical analysis, specifically tailored for business statistics courses.

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