Bush Company reported net income of $60,000 for the year. During the year, accounts receivable…

Question

Bush Company reported net income of $60,000 for the year. During the year, accounts receivable…

Expert Answer

Question:

Bush Company reported net income of $60,000 for the year. During the year, accounts receivable decreased by $8,000, accounts payable increased by $4,000 and depreciation expense of $5,000 was recorded. Net cash provided by operating activities for the year is:

A) $48,000

B) $77,000

C) $59,000

D) $55,000

Net Cash Flow:

Net Cash Flow is the remaining cash inflows after deducting relevant cash outflows. This is recorded in

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