Anderson Corporation reported profit of $30,000 for the year. During the year, accounts receivable increased by $7,000, accounts payable decreased by $3,000 and depreciation expense of $5,000 was recorded. Net cash provided by operating activities for the year is

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Net income + depreciation - increase in accounts receivable + decrease in accounts payable = net cash provided by operating activities$30,000 + $5,000 - $7,000 + $3,000 = $25,000

Anderson Corporation Reported Profit of $30,000 for the Year