Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased by $7,000, accounts payable decreased by $3,000 and depreciation expense of $8,000 was recorded. Net cash provided by operating activities for the year is

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06-06-2022
Business

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Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased by $7,000, accounts payable decreased by $3,000 and depreciation expense of $8,000 was recorded. Net cash provided by operating activities for the year is

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Kanikabajaj294idn Kanikabajaj294idn · Answer 1 · 2022-06-15T06:26:37-04:00

As per the given question, the net cash provided by operating activities for the year is $33,000.

What is net income?

Net Income refers to the sales minus cost of goods sold and other operating expenses.

The net cash provided by operating activities for the year is $33,000 (35,000+8,000-7,000-3,000).

Therefore, Net cash provided by operating activities for the year is $33,000.

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What is net income?

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