Solution-Calculate the net cash provided by operating

Calculate the net cash provided by operating activities

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Question - Wave Inc.'s partial Balance Sheet as at December 31, 2021 and December 31, 2020 are as follows:

Partial Statement of Financial Position
	12/31/2021	12/31/2020
Inventory	495,000	450,000
Accounts Receivables, net	510,000	600,000
Prepaid Expense	28,800	36,000
Wages payable	79,200	72,000
Short-term investment	429,000	390,000
Accounts Payable	486,000	540,000
Cash	35,100	27,000

Net Income for 2021 was $81,000, which includes interest expense of $24,300 and depreciation expense of $38,880. Thor Inc. follows ASPE. Assume all dividends declared were paid in 2021. Calculate the net cash provided (used) by operating activities for the year ended December 31, 2021.

a. $86,280

b. $61,980

c. $47,400

d. $15,000

e. $78,180

Reference no: EM133127547

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Calculate the net cash provided by operating activities

Reference no: EM133127547

Reference no: EM133127547

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