Profit reported on the income statement for the current year was $100,000. Depreciation was $25,000. Accounts receivable and inventories decreased by $5,000 and $15,000, respectively. Prepaid expenses and accounts payable increased, respectively, by $500 and $4,000. The cash was provided by operating activities was:
A) $130,500
B) $148,500
C) $141,500
D) $98,500
Correct Answer:
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