In the Roswell Corporation, cash receipts from customers were $153,000, cash payments for operating expenses were $102,000, and one-third of the company's $6,300 income taxes were paid during the year. Net cash provided by operating activities is:

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Net cash provided by operating activities is calculated as cash receipts from customers ($153,000) minus cash payments for operating expenses ($102,000) and minus one-third of the income taxes ($6,300 / 3 = $2,100). Therefore, $153,000 - $102,000 - $2,100 = $48,900.

In the Roswell Corporation, Cash Receipts from Customers Were $153,000