question archive Alpha Company had the following account balances for 2013: Dec
Alpha Company had the following account balances for 2013: Dec
Subject:AccountingPrice:2.87 Bought7
|
Alpha Company had the following account balances for 2013: |
| Dec. 31 | Jan. 1 | |
| Accounts receivable | $40,000 | $31,000 |
| Accounts payable | 47,000 | 52,000 |
|
Alpha reported net income of $230,000 for 2013. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2013 reported in the statement of cash flows? |
| $216,000. | |
| $244,000. | |
| $234,000. | |
| $226,000. |
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
Answer:
| Net Income | $ 2,30,000.00 |
| Less: Increase in Accounts Receivable | $ -9,000.00 |
| Less: Decrease in Accounts payable | $ -5,000.00 |
| Net cash from opertaing activities | $ 2,16,000.00 |
Answer: $216,000
