Bilton company reported net income of 30000 for the year., Ask an Expert

Accounting

Bilton Company reported net income of $30,000 for the year. During the year, accounts receivable increased by $7,000, accounts payable decreased by $3,000 and depreciation expense of $5,000 was recorded. Net cash provided by operating activities for the year is:

a) $25,000.

b) $45,000.

c) $29,000.

d) $30,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M982041

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