Information from Zurich Company's income statement is as follows: net income $12,300,depreciation expense $12,000;gain on sale of equipment $4,000;proceeds from the sale of land $10,000.The net cash provided by operating activities is:
A) $20,300.
B) $24,300.
C) $26,300.
D) $30,300.

Question

Quizplus · Accepted Answer

Net income + Depreciation expense + Gain on sale of equipment - Proceeds from the sale of land = Net cash provided by operating activities$12,300 + $12,000 + $4,000 - $10,000 = $20,300

Information from Zurich Company's Income Statement Is as Follows: Net