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sleet_krkn [62]
3 years ago
11

Rogers Company reported net income of $44,417 for the year. During the year, accounts receivable increased by $5,230, accounts p

ayable decreased by $3,590 and depreciation expense of $48,113 was recorded. Net cash provided by operating activities for the year is:___________.
a. $101,350
b. $83,710
c. $44,417
d. $94,170
Business
1 answer:
damaskus [11]3 years ago
6 0

Answer:

c. $44,417

Explanation:

The computation of the  Net cash provided by operating activities for the year is shown below

Cash flow from operating activities

Net income $44,417

Less Increase in account receivable -$5,230

Less Decrease in account receivable -$3,590

Add depreciation expense $48,113

Net cash provided by operating activities $83,710

hence, the correct option is c.

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