During 2021, Greta Company earned net income of $262,000 which included depreciation expense of $39,000. In addition, the company experienced the following changes in the account balances listed below: Decreases Increases Accounts receivable $6,000 Accounts payable $22,500 Prepaid expense $16,500 Inventory $18,000 Accrued liabilities $12,000 Based upon this information what amount will be shown for net cash provided by operating activities for 2021? $316,000 $203,500 $302,500 $212,500
During 2021, Greta Company earned net income of $262,000 which included depreciation expense of $39,000. In addition, the company experienced the following changes in the account balances listed below: Decreases Increases Accounts receivable $6,000 Accounts payable $22,500 Prepaid expense $16,500 Inventory $18,000 Accrued liabilities $12,000 Based upon this information what amount will be shown for net cash provided by operating activities for 2021? $316,000 $203,500 $302,500 $212,500
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 6MC: Prior to adjustments, Barrett Companys account balances at December 31, 2019, for Accounts...
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During 2021, Greta Company earned net income of $262,000 which included
| Decreases | Increases | |
| Accounts receivable | $6,000 | |
| Accounts payable | $22,500 | |
| Prepaid expense | $16,500 | |
| Inventory | $18,000 | |
| Accrued liabilities | $12,000 |
Based upon this information what amount will be shown for net cash provided by operating activities for 2021?
|
$316,000 |
||
|
$203,500 |
||
|
$302,500 |
||
|
$212,500 |
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During 2021, Swifty Corporation earned net income of $262000 which included
| Decreases | Increases | |||
| Accounts receivable | $ 5500 | Accounts payable | $21600 | |
| Prepaid expenses | 15500 | Inventory | 18900 | |
| Accrued liabilities | 11400 |
Based upon this information what amount will be shown for net cash provided by operating activities for 2021?
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