Rubble Company Reported Net Income of $70000 for the Year

question 133

Multiple Choice

Rubble Company reported net income of $70000 for the year. During the year accounts receivable increased by $6000 accounts payable decreased by $5000 and depreciation expense of $8000 was recorded. Net cash provided by operating activities for the year is

• A) $67000.
• B) $89000.
• C) $63000.
• D) $70000.