Rogers Company Reported Net Income of $35,000 for the Year

question 95

Multiple Choice

Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased by $7,000, accounts payable decreased by $3,000 and depreciation expense of $8,000 was recorded. Net cash provided by operating activities for the year is

• A) $53,000.
• B) $47,000.
• C) $33,000
• D) $37,000.

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Definitions:

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