Marcynandrew
21.01.2021 •
Business
Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased by $7,000, accounts payable decreased by $3,000 and depreciation expense of $8,000 was recorded. Net cash provided by operating activities for the year is a.$33,000 b.$53,000 c.$37,000 d.$47,000
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Ответ:
b. $53,000
Explanation:
The net cash provided by operating activities is computed by.
Given the above information,
The net cash provided by operating activities is ;
= $35,000 + $7,000 + $3,000 + $8,000
= $53,000.
Ответ:
comparing account balances from one period to the next, calculating key ratios and comparing them period to period, performing vertical analysis, and performing horizontal analysis.
Explanation: