During 2008, Hogan Company earned net income of $384,000 which included deprecia-tion expense of $78,000. In addition, the company experienced the following changes in the account balances listed below:
Based upon this information, what amount will be shown for net cash provided by operating activities for 2008?
A) $492,000
B) $465,000
C) $285,000
D) $267,000

Question

During 2008, Hogan Company earned net income of $384,000 which included deprecia-tion expense of $78,000. In addition, the company experienced the following changes in the account balances listed below:
 Based upon this information, what amount will be shown for net cash provided by operating activities for 2008?
A) $492,000 
B) $465,000 
C) $285,000 
D) $267,000

Quizplus · Accepted Answer

$384,000 + $78,000 + $45,000 - $36,000 + $12,000 - $24,000 + $33,000 = $492,000.

During 2008, Hogan Company Earned Net Income of $384,000 Which