During 2010 bates company earned net income of 275000 which, Ask an Expert

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During 2010, Bates Company earned net income of $275,000 which included depreciation expense of $34,000. The company had a loss on the sale of equipment of $2,000 and the following changes in account balances occurred:
Increase in accounts payable $12,000
Increase in inventory 9,000
Decrease in accounts receivable 8,000
Decrease in prepaid expenses 10,000
Decrease in accrued liabilities 7,000
Based upon this information, what amount will be shown for net cash provided by operating activities for 2010?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M950000

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