Minette Company reported net income of $200,000 for the year ended December 31, 2022.During the year, inventories decreased by $40,000, accounts payable decreased by $60,000, depreciation expense was $45,000 and a gain on disposal of equipment of $15,000 was recorded.Net cash provided by operating activities in 2022 using the indirect method was
A)$280,000.
B)$210,000.
C)$245,000.
D)$240.000.

Question

Quizplus · Accepted Answer

The Answer of Minette Company reported net income of $200,000 for the year ended December 31, 2022.During the year, inventories decreased by $40,000, accounts payable decreased by $60,000, depreciation expense was $45,000 and a gain on disposal of equipment of $15,000 was recorded.Net cash provided by operating activities in 2022 using the indirect method was
A)$280,000.
B)$210,000.
C)$245,000.
D)$240.000.

Minette Company Reported Net Income of $200,000 for the Year