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the net income reported on the income statement for the current year was $250,000. depreciation was $54,000. Accounts receivable and inventories decreased by $5000 and $16000, respectively. Prepaid expenses and accounts payable increased, respectively, by $500 and $15000. Investments were sold at a loss of $21500. How much cash was provided by operating activities. Can some one break this down and exaplin why the answer is $361,000?

the net income reported on the income statement for the current year was $250,000. depreciation was $54,000. Accounts receivable and inventories decreased by $5000 and $16000, respectively. Prepaid expenses and accounts payable increased, respectively, by $500 and $15000. Investments were sold at a loss of $21500. How much cash was provided by operating activities. Can some one break this down and exaplin why the answer is $361,000?

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 5RE: In the current year, Harrisburg Corporation had net income of 35,000, a 9,000 decrease in accounts...
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the net income reported on the income statement for the current year was $250,000. depreciation was $54,000. Accounts receivable and inventories decreased by $5000 and $16000, respectively. Prepaid expenses and accounts payable increased, respectively, by $500 and $15000. Investments were sold at a loss of $21500. How much cash was provided by operating activities. Can some one break this down and exaplin why the answer is $361,000?

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