6.
A company's income statement showed the following: net income, $134,000; depreciation
expense, $30,000; and gain on sale of plant assets, $4,000. An examination of the company's
current assets and current liabilities showed the following changes as a result of operating
activities: accounts receivable decreased $9,400; merchandise inventory increased $18,000;
prepaid expenses increased $6,200; accounts payable increased $3,400. Calculate the net
cash provided or used by operating activities.
$141,000.
$96,600.
$156,600.
$88,600.
$148,600.
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