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How much cash was provided by operating activities

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Question - The net income reported on the income statement for the current year was $205,000. Depreciation recorded on plant assets was $38,000. Accounts receivable and inventories increased by $2,000 and $8,000, respectively. Prepaid expenses and accounts payable decreased by $2,000 and $11,000 respectively. How much cash was provided by operating activities?

A) $185,000

B) $223,000

C) $224,000

D) $205,000

Reference no: EM132962677

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