During 2021, Greta Company earned net income of $262,000 which included depreciation expense of $39,000. In addition, the company experienced the following changes in the account balances listed below:   Decreases Increases Accounts receivable $6,000   Accounts payable   $22,500 Prepaid expense $16,500   Inventory   $18,000 Accrued liabilities $12,000   Based upon this information what amount will be shown for net cash provided by operating activities for 2021?     $316,000     $203,500     $302,500     $212,500

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter16: Accounting Periods And Methods
Section: Chapter Questions
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During 2021, Greta Company earned net income of $262,000 which included depreciation expense of $39,000. In addition, the company experienced the following changes in the account balances listed below:

  Decreases Increases
Accounts receivable $6,000  
Accounts payable   $22,500
Prepaid expense $16,500  
Inventory   $18,000
Accrued liabilities $12,000  


Based upon this information what amount will be shown for net cash provided by operating activities for 2021?

   

$316,000

   

$203,500

   

$302,500

   

$212,500

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During 2021, Swifty Corporation earned net income of $262000 which included depreciation expense of $39200. In addition, the company experienced the following changes in the account balances listed below:

Decreases Increases
Accounts receivable $  5500   Accounts payable $21600
Prepaid expenses   15500   Inventory 18900
Accrued liabilities   11400      


Based upon this information what amount will be shown for net cash provided by operating activities for 2021?

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