LKN Company reported net income of $80,000 for the year. During the year, accounts receivable increased by $6,000, accounts payable decreased by $4,000 and depreciation expense of $10,000 was recorded. Net cash provided by operating activities for the year is
A) $90,000.
B) $70,000.
C) $72,000.
D) $80,000.

Question

Quizplus · Accepted Answer

The Answer of LKN Company reported net income of $80,000 for the year. During the year, accounts receivable increased by $6,000, accounts payable decreased by $4,000 and depreciation expense of $10,000 was recorded. Net cash provided by operating activities for the year is
A) $90,000.
B) $70,000.
C) $72,000.
D) $80,000.

LKN Company Reported Net Income of $80,000 for the Year