For the Year Ended December 31,Year 1,Carsem Company Had Cash

question 79

Multiple Choice

For the year ended December 31,Year 1,Carsem Company had cash collections from customers of $220,000,cash paid to employees of $32,000,cash paid to suppliers of $100,000,cash used to retire long-term bonds of $32,000,and cash payments for dividends of $20,000.Based on this information,what is the net cash provided from operating activities?

• A)$68,000
• B)$88,000
• C)$188,000
• D)$120,000

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