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What amount should lino include as net cash that is provided

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Reference no: EM132969741

Lino Company's worksheet for the preparation of its 20X1 statement of cash flows included the following information:

                                                 December 31             January 1

Accounts receivable                           $29,000               $23,000

Allowance for uncollectible accounts      1,000                     800

Prepaid rent expense                                 8,200                 12,400

Accounts payable                                     22,400                  19,400

Lino's 20X1 net income is $150,000.

Required:

Problem 1: What amount should Lino include as net cash that is provided by operating activities in the statement of cash flows?

Reference no: EM132969741

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