Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Transcribed Image Text:A company's income statement showed the following: net
income, $146,800; depreciation expense, $35,400, and gain
on sale of plant assets, $16,700. An examination of the
company's current assets and current liabilities showed the
following changes as a result of operating activities:
accounts receivable decreased $11,200; merchandise
inventory increased $21,600; prepaid expenses
decreased $8,000; accounts payable increased $4,600.
Calculate the net cash provided or used by operating
activities.
a. $196,700.
b. $8,000.
c. $166,000.
d. $173,000.
e. $167,700.
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