Net Income Depreciation expense Gain on sale of truck Decrease in Accounts Receivables Decrease in accounts Payable Increase in prepaid insurance Increase in Inventory 200,000 30,000 5,000 12,000 8,000 2,500 10,000 Assuming these are the only facts, what amount will the corporation report as the Net Cash Provided by Operating Activities on the cash flow statement? O221500 O216500 O 225500 O226500

Net Income Depreciation expense Gain on sale of truck Decrease in Accounts Receivables Decrease in accounts Payable Increase in prepaid insurance Increase in Inventory 200,000 30,000 5,000 12,000 8,000 2,500 10,000 Assuming these are the only facts, what amount will the corporation report as the Net Cash Provided by Operating Activities on the cash flow statement? O221500 O216500 O 225500 O226500

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 9MCQ: Refer to the information for Cornett Company above. What amount should Cornett report on its...

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