In the Papyrus Corporation cash receipts from customers were $136000 cash payments for operating expenses were $102000 and one-third of the company's $9300 income taxes were paid during the year. Net cash provided by operating activities is:
A) $34000.
B) $24700.
C) $30900.
D) $27800.

Question

Quizplus · Accepted Answer

Net cash provided by operating activities can be calculated as follows:
Cash receipts from customers - Cash payments for operating expenses - Income taxes paid = Net cash provided by operating activities

$136,000 - $102,000 - ($9,300/3) = $30,900

Therefore, the correct answer is C.

In the Papyrus Corporation Cash Receipts from Customers Were $136000