A Company Had Net Income Of $¥ 2,100,000$ Depreciation Expense Is

question 57

Multiple Choice

A company had net income of $¥ 2,100,000$ . Depreciation expense is $¥ 260,000$ . During the year, Accounts Receivable and Inventory increased $¥ 150,000$ and $¥ 400,000$ , respectively. Prepaid Expenses and Accounts Payable decreased $¥ 20,000$ and $¥ 40,000$ , respectively. There was also a loss on the sale of equipment of $¥ 30,000$ . How much cash was provided by operating activities?

• A) \(¥ 1,760,000\)
• B) \(¥ 1,820,000\)
• C) \(¥ 2,560,000\)
• D) \(¥ 2,680,000\)

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