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Advocard [28]
2 years ago
9

A company had net income of $210600. Depreciation expense is $27000. During the year, Accounts Receivable and Inventory increase

d $16900 and $41700, respectively. Prepaid Expenses and Accounts Payable decreased $5000 and $6200, respectively. There was also a loss on the sale of equipment of $1800. How much cash was provided by operating activities
Business
1 answer:
ANTONII [103]2 years ago
7 0

Answer: The amount of cash provided by operating activities is $179,600.

Explanation:

<u>Statement of cash flows for the company</u>

Net income                                                            $210,600

Add Depreciation expense                                      27,000

Add Loss on sale of equipment                                  1,800

Increase in Accounts receivable                             (16,900)  

Increase in Inventory                                                (41,700)

Decrease in Prepaid expenses                                   5,000

Decrease in Accounts payable                                  (6,200)

Cash flows fron operating activities                   $179,600

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Answer:

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Corris Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Ja
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