Wilton company reported net income of 40000 for the year., Ask an Expert

Accounting

Wilton Company reported net income of $40,000 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) $30,000.

b) $45,000.

c) $39,000.

d) $35,000

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Accounting Basics, Accounting

Category:- Accounting Basics
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