Question

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

Answer 1

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.