Wilton Company Reported Net Income of $50,000 for the Year

question 201

Multiple Choice

Wilton Company reported net income of $50,000 for the year. During the year, accounts receivable decreased by $7,000, accounts payable increased by $3,000 and depreciation expense of $5,000 was recorded. Net cash provided by operating activities for the year is

• A) $40,000.
• B) $65,000.
• C) $49,000.
• D) $45,000.

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