In the Paper Corporation, cash receipts from customers were $138,000, 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 minus cash payments for operating expenses and income taxes paid. Here, it is $138,000 - $102,000 - ($6,300/3) = $33,900.

In the Paper Corporation, Cash Receipts from Customers Were $138,000