Net income reported in the income statement for the current year was $210,000. Depreciation was $52,000. Accounts receivable and inventories decreased by $5,000 and $15,000, respectively. Prepaid expenses and accounts payable increased by $500 and $14,000, respectively. How much cash was provided by operating activities?

Sep 8, 2023

Net income reported in the income statement for the current year was $210,000. 

Depreciation was $52,000. 

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Net income reported in the income statement for the current year was $210,000. Depreciation was $52,000. Accounts receivable and inventories decreased by $5,000 and $15,000, respectively. Prepaid expenses and accounts payable increased by $500 and $14,000, respectively. How much cash was provided by operating activities?
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Accounts receivable and inventories decreased by $5,000 and $15,000, respectively. 

Prepaid expenses and accounts payable increased by $500 and $14,000, respectively. 

  1. How much cash was provided by operating activities?

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