Question

Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased by $7,000, accounts payable decreased by $3,000 and depreciation expense of $8,000 was recorded. Net cash provided by operating activities for the year is a.$33,000 b.$53,000 c.$37,000 d.$47,000

Answer 1

Answer:

b. $53,000

Explanation:

The net cash provided by operating activities is computed by.

Given the above information,

The net cash provided by operating activities is ;

= $35,000 + $7,000 + $3,000 + $8,000

= $53,000.