A Company's Income Statement Showed the Following: Net Income, $134,000;

question 186

Multiple Choice

A company's income statement showed the following: net income, $134,000; depreciation expense, $30,000; and gain on sale of plant assets, $4,000. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,400; merchandise inventory increased $18,000; prepaid expenses increased $6,200; accounts payable increased $3,400. Calculate the net cash provided or used by operating activities.

• A) $96,600.
• B) $141,000.
• C) $88,600.
• D) $156,600.
• E) $148,600.

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Definitions:

Birth Year

The calendar year in which a person was born, used as an identifying measure in demographic studies.

Prescriptive Analytics

The aspect of business analytics dedicated to finding the best course of action for a given situation.

Best Course

Refers to the most appropriate or effective path of action or study plan, often determined through assessment and analysis.

Action

The process of doing something with the intent to achieve an aim or handle a problem, often requiring decision-making and execution.