A Company Had Net Income of $230,000

question 23

Multiple Choice

A company had net income of $230,000.Depreciation expense is $26,000.During the year accounts receivable and inventory increased $15,000 and $40,000, respectively.Prepaid expenses and accounts payable decreased $2,000 and $4,000, respectively.There was also a loss on the sale of equipment of $3,000.Using the indirect method, what is the amount of net cash flows from operating activities on the statement of cash flows?

• A) $196,000
• B) $202,000
• C) $276,000
• D) $288,000

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