Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased...

Question

Question

Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased...

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 under the indirect method for the year is

a. $53,000

b. $47,000

c. $33,000

d. $37,000

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

✔ Recommended Answer

Answer #1

Net income	35000
Less:increase in AR	(7000)
Less:decrease in AP	(3000)
Add:depreciation expenses	8000
Net cash provided by operating activities	$33000(C).

Add a comment

Answer 2

Similar Homework Help Questions

Rogers Company reported net income of $41,476 for the year. During the year, accounts receivable increased...

Rogers Company reported net income of $41,476 for the year. During the year, accounts receivable increased by $5,021, accounts payable decreased by $4,194 and depreciation expense of $4,236 was recorded. Net cash provided by operating activities for the year is
please help Rogers Company reported net income of $36,642 for the year. During the year, accounts...

please help Rogers Company reported net income of $36,642 for the year. During the year, accounts receivable increased by $6,176, accounts payable decreased by $3,079, and depreciation expense of $5,776 was recorded. Net cash provided by operating activities under the indirect method for the year is a. $36,642 b. $51,673 c. $33,163 d. $45,515 m/ilrn/takeAssignment takeAssignme Land costing $68,000 was sold for $94,100 cash. The gain on the sale was reported on the income statement as other revenue. On the...
Sunland Company reported net income of $69700 for the year. During the year, accounts receivable increased...

Sunland Company reported net income of $69700 for the year. During the year, accounts receivable increased by $5700, accounts payable decreased by $4900 and depreciation expense of $8400 was recorded. Net cash provided by operating activities for the year is _____________

Blossom Company reported net income of $386000 for the year. During the year, accounts receivable increased...

Blossom Company reported net income of $386000 for the year. During the year, accounts receivable increased by $28000, accounts payable decreased by $12000 and depreciation expense of $60000 was recorded. Net cash provided by operating activities for the year is $386000. $342000. $406000. $366000.
Tyler Company reported net income of $260,000 for the year. During the year, accounts receivable increased...

Tyler Company reported net income of $260,000 for the year. During the year, accounts receivable increased by $18,000, accounts payable decreased by $14,000 am depreciation expense of $15,000 was recorded. Net cash provided by operating activities for the year is a. $243,000. b. $213,000. C. $215,000 d. $255.000
ogers Company reported net income of $40,429 for the year. During the year, accounts receivable increased...

ogers Company reported net income of $40,429 for the year. During the year, accounts receivable increased by $7,064, accounts payable decreased by $2,818 and epreciation expense of $20,482 was recorded. Net cash provided by operating activities for the year is a. $70,793 b. $40,429 c. $65,157 d. $51,029

Bonita Company reported net income of $55000 for the year. During the year, accounts receivable decreased...

Bonita Company reported net income of $55000 for the year. During the year, accounts receivable decreased by $8500, accounts payable increased by $4100 and depreciation expense of $5300 was recorded. Net cash provided by operating activities for the year is $54100. $49700. $42400. $72900.
Ayayai Corp.reported net income of $87300 for the year 2022. During 2022, accounts receivable increased by...

Ayayai Corp.reported net income of $87300 for the year 2022. During 2022, accounts receivable increased by $5820, accounts payable decreased by $3880 and depreciation expense of $9700 was recorded. Net cash provided by operating activities for 2022 is $77600. $97000. $79540. $87300.
19) for the year. During the year, accounts receivable increased by $18,000, accounts payable decreased by...

19) for the year. During the year, accounts receivable increased by $18,000, accounts payable decreased by $14,000 and depreciation expense of $15,000 was recorded. Net cash provided by operating activities for the year is $243,000. b. $213,000. $215,000, $255,000. Tyler Company reported net income of $260,000 а. с. d.

Baxter Company reported a net loss of $12,742 for the year ended December 31. During the...

Baxter Company reported a net loss of $12,742 for the year ended December 31. During the year, accounts receivable decreased by $4,030, inventory increased by $8,790, accounts payable increased by $13,655, and depreciation expense of $4,082 was recorded. During the year, operating activities Oa. provided net cash of $12,742. Ob. used net cash of $12,742. Oc. used net cash of $235. Od. provided net cash of $235

Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased...

Homework Answers

Add Answer to:
Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased...

Post as a guest

Earn Coins

Rogers Company reported net income of $41,476 for the year. During the year, accounts receivable increased...

please help Rogers Company reported net income of $36,642 for the year. During the year, accounts...

Sunland Company reported net income of $69700 for the year. During the year, accounts receivable increased...

Blossom Company reported net income of $386000 for the year. During the year, accounts receivable increased...

Tyler Company reported net income of $260,000 for the year. During the year, accounts receivable increased...

ogers Company reported net income of $40,429 for the year. During the year, accounts receivable increased...

Bonita Company reported net income of $55000 for the year. During the year, accounts receivable decreased...

Ayayai Corp.reported net income of $87300 for the year 2022. During 2022, accounts receivable increased by...

19) for the year. During the year, accounts receivable increased by $18,000, accounts payable decreased by...

Baxter Company reported a net loss of $12,742 for the year ended December 31. During the...

Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased...

Homework Answers

Add Answer to: Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased...

Post as a guest

Earn Coins

Add Answer to:
Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased...