LKN Company Reported Net Income of $80,000 for the Year

question 33

Multiple Choice

LKN Company reported net income of $80,000 for the year. During the year, accounts receivable increased by $6,000, accounts payable decreased by $4,000 and depreciation expense of $10,000 was recorded. Net cash provided by operating activities for the year is

• A) $90,000.
• B) $70,000.
• C) $72,000.
• D) $80,000.