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The Following Information Relates to the Red Rocket Company What Is the Net Cash Provided by Operating Activities?
A)

Question 40

Multiple Choice

The following information relates to the Red Rocket Company:  Increase in accounts receivable $80 Increase in bonds payable 1,000 Decrease in inventory 75 Net income 10.000 Amortization of premium on bonds payable 260 Increase in income taxes payable 60 Depreciation expense 2,000 Decrease in accounts payable 380\begin{array}{ll}\text { Increase in accounts receivable } & \$ 80 \\\text { Increase in bonds payable } & 1,000 \\\text { Decrease in inventory } & 75 \\\text { Net income } & 10.000\\\text { Amortization of premium on bonds payable } & 260 \\\text { Increase in income taxes payable } & 60 \\\text { Depreciation expense } & 2,000 \\\text { Decrease in accounts payable } & 380\end{array}
What is the net cash provided by operating activities?


A) $ 9, 065
B) $11, 415
C) $11, 935
D) $12, 415

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