Swifty Corporation reported net income of $203000 for the year. During the year, accounts receivable increased...

Swifty Corporation reported net income of $203000 for the year. During the year, accounts receivable increased by $15000, accounts payable decreased by $6000 and depreciation expense of $32000 was recorded. Net cash provided by operating activities for the year is

$214000.

$192000.

$179000.

$203000.

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Expert Solution

$214000 is correct answer.

Cash Flow Statement
Cash flow from Operating Activities:
Net Income	203000
Adjustements to Net Income:
Depreciation	32000
Changes in current operating assets and liabilities:
Increase in Account Receivable	-15000
Decrease in Accounts payables	-6000
Net Cash Flow from Operating Activities	214000

ekkarill92 answered 2 years ago

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