Answer:
Net Cash Provided by Operating Activities is $286,000
Explanation:
Culver Corporation's
Partial Statement of Cash flows
For the year ended December 31, 2022
<em>Cash Flow from Operating Activities</em>
Net Income $229,500
<em></em>
<em>Adjustment to reconcile net income to</em>
<em>net cash provided by operating activities</em>
Depreciation Expenses $40,500
(Non-cash expense)
Decrease in Accounts Receivables $13,500
(133,500 - 120,000)
Decrease in Inventory $6,000
(258,000 - 252,000)
Increase in Prepaid Expenses -$7,500
(33,000 - 40,500)
Increase in Accrued Expenses Payable $15,000
(22,500 - 7,500)
Decrease in Accounts Payable <u>-$10,500</u> <u>$57,000</u>
(127,500 - 138,000)
Net Cash Provided by Operating Activities <u>$286,000</u>
