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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 O225500 226500
Transcribed Image Text: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 O225500 226500
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