Dennis Corporation Prepared the Following Data (In Dollars)for the Current

question 10

Multiple Choice

Dennis Corporation prepared the following data (in dollars) for the current year: $\begin{array}{|l|c|}\hline \text {Increase in accounts receivable } &\$ \quad6,000 \\\hline \text {Decrease in inventory} &2,400 \\\hline \text {Increase in prepaid expenses} &1,600 \\\hline \text {Depreciation expense, equipment } &7,000 \\\hline \text {Loss on sale of equipment} &1,500 \\\hline \text {Net income} &130,000 \\\hline\end{array}$ Using the indirect method,what is the net cash flow from operating activities?

• A) $146,800
• B) $133,300
• C) $101,200
• D) $118,000