Peninsula Company Reported Net Income of $260,000 for the Year

question 4

Multiple Choice

Peninsula Company reported net income of $260,000 for the year. During the year, accounts receivable increased by $21,000, accounts payable decreased by $9,000 and depreciation expense of $45,000 was recorded. Net cash provided by operating activities for the year is

• A) $275,000.
• B) $245,000.
• C) $227,000.
• D) $260,000.