During the past year, a company reported net income of $230,000. Depreciation expense was $22,000. In December the company recei

Question

3 years ago

15

During the past year, a company reported net income of $230,000. Depreciation expense was $22,000. In December the company recei

ved $7,000 representing rent for the next year on a vacant warehouse. What is the amount of cash provided by operating activities that should appear on a statement of cash flows

Business

1 answer:

tamaranim1 [39] · Answer 1 · 2022-04-20T22:48:28+03:00

tamaranim1 [39]3 years ago

8 0

Answer: $259000

Explanation:

Based on the information provided in the question, the amount of cash provided by operating activities that should appear on a statement of cash flows would be:

Net income = $230,000

Add: Depreciation expense = $22,000

Add: Rent = $7000

Total = $259,000