A Company Had Net Income of $210,000

question 28

Multiple Choice

A company had net income of $210,000. Depreciation expense is $26,000. During the year, Accounts Receivable and Inventory increased $15,000 and $40,000, respectively. Prepaid Expenses and Accounts Payable decreased $2,000 and $4,000, respectively. There was also a loss on the sale of equipment of $3,000. How much cash was provided by operating activities?

• A) $176,000
• B) $182,000
• C) $256,000
• D) $268,000

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