A Company Had Net Income of $252,000

question 71

Multiple Choice

A company had net income of $252,000. 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. How much cash was provided by operating activities?

• A) $217,000.
• B) $224,000.
• C) $284,000.
• D) $305,000.

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Definitions:

Motor Activity

Bodily movements produced by skeletal muscles that result in energy expenditure, encompassing both deliberate exercise and routine physical activities.

Cerebellum

A part of the brain located at the back of the skull, responsible for coordinating voluntary movements, balance, and posture.

Complex Coordination

The integration of different functions and activities within an organism or system to achieve a common goal efficiently.

Thirst

An essential sensation prompting the need to drink fluids, triggered by the physiological mechanisms in response to dehydration or increased salt concentration in the blood.