A Company Had Net Income of $282,000

question 155

Multiple Choice

A company had net income of $282,000.Depreciation expense is $26,000.During the year, accounts receivable and inventory increased by $15,000 and $40,000, respectively.Prepaid expenses and accounts payable decreased $2,000 and $14,000, respectively.There was also a loss on the sale of equipment of $17,000.How much cash was provided by operating activities?

• A)$258,000.
• B)$241,000.
• C)$318,000.
• D)$339,000.