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hodyreva [135]
3 years ago
5

Alvez reports net income of $355,000 for the year ended december 31. it also reports $119,700 depreciation expense and a $13,000

loss on the sale of equipment. its comparative balance sheet reveals a $52,200 increase in accounts receivable, a $13,200 decrease in prepaid expenses, a $20,200 increase in accounts payable, a $16,500 decrease in wages payable, a $97,000 increase in equipment, and a $130,000 decrease in notes payable. calculate the net increase in cash for the year.
Business
2 answers:
wolverine [178]3 years ago
7 0

Answer:

225400

Explanation

mash [69]3 years ago
4 0
The correct answer is $284,200
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