Roberts Company Had Net Income of $890,000 for the Year

question 58

Multiple Choice

Roberts Company had net income of $890,000 for the year ending 12/31/2022.Depreciation expense for 2022 is $110,000.During the year, accounts receivable and inventory increased by $60,000 and $160,000, respectively.Prepaid expenses and accounts payable decreased $8,000 and $16,000, respectively.There was also a loss on the sale of equipment of $12,000.How much cash was provided by operating activities in 2022?

• A)$760,000.
• B)$784,000.
• C)$1,080,000.
• D)$1,128,000.

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