Answered

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During the past year, a company reported net income of $230,000. Depreciation expense was $22,000. In December the company received $7,000 representing rent for the next year on a vacant warehouse. What is the amount of cash provided by operating activities that should appear on a statement of cash flows

Sagot :

Answer: $259000

Explanation:

Based on the information provided in the question, the amount of cash provided by operating activities that should appear on a statement of cash flows would be:

Net income = $230,000

Add: Depreciation expense = $22,000

Add: Rent = $7000

Total = $259,000

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