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A companys income thowed the following netincem deprecopen and e r e Anemonhec e and current owed the wing changes 0066 Powe
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Answer #1

Calculation of Net cash provided or used by operating activities:

Particulars Amount ($)
Net Income 119,000
Add: Depreciation Expense (Non-Cash item) 32,500
Less: Gain on plant assets 6,500
Add: Decrease in Accounts Receivable 9,900
Less: Increase in Inventory 20,500
Less: Increase in prepaid expenses 6,700
Add: Increase in Accounts payable 3,900
Net cash provided or used by operating activities 131,600

The answer is $131,600

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