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

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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 _____________

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Answer 1

Answer #1

Net income	69700
Add:Depreciation expense	$8400
Less:increase in AR	($5700)
Less:Decrease in AP	($4900)
Net cash provided by operating activities	$67500.

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Answer 2

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

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