Anew Health Care Company reports net income of $190,000 and Depreciation Expense of $25,000 for the year ending December 31, 2017. No long-term assets were sold or exchanged during 2017. They also have the following data available: Using the indirect method, what is the net cash provided (or used)from operating activities for the year ending December 31, 2017?
A)$48,000
B)$98,000
C)$123,000
D)$190,000

Question

Anew Health Care Company reports net income of $190,000 and Depreciation Expense of $25,000 for the year ending December 31, 2017. No long-term assets were sold or exchanged during 2017. They also have the following data available:  Using the indirect method, what is the net cash provided (or used)from operating activities for the year ending December 31, 2017?
A)$48,000 
B)$98,000 
C)$123,000 
D)$190,000

Quizplus · Accepted Answer

The Answer of Anew Health Care Company reports net income of $190,000 and Depreciation Expense of $25,000 for the year ending December 31, 2017. No long-term assets were sold or exchanged during 2017. They also have the following data available:  Using the indirect method, what is the net cash provided (or used)from operating activities for the year ending December 31, 2017?
A)$48,000 
B)$98,000 
C)$123,000 
D)$190,000

Anew Health Care Company Reports Net Income of $190,000 and Depreciation