Question

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.

Answer 1

Net Income	55,000
Depreciation expense	5,300
Accounts receivable decrease	8,500
Accounts payable increase	4,100
Net cash provided by operating activities	$72,900

Fourth option is correct option.

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