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Kitty [74]
3 years ago
15

Peninsula Company reported net income of $290,000 for the year. During the year, accounts receivable increased by $21,000, accou

nts payable decreased by $9,000 and depreciation expense of $45,000 was recorded. Net cash provided by operating activities for the year is g
Business
1 answer:
guajiro [1.7K]3 years ago
4 0

Answer:

$305,000

Explanation:

Given that,

Net income for the year = $290,000

Increase in accounts receivable = $21,000

Decrease in accounts payable = $9,000

Depreciation Expense = $45,000

Net cash provided by operating activities:

= Net Income of current year - Decrease in Accounts Payable + Depreciation Expense - Increase in Accounts Receivable

= $290,000 - $9,000 + $45,000 - $21,000

= $305,000

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Answer:

<em>C. defensive strategy </em>

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In the scenario which is been represented in the question the Sal's company indulge's in the action that is known as defensive strategy.

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Vitek1552 [10]

Answer:

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Ksivusya [100]

Answer:

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Paladinen [302]

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