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Dennis Corporation Prepared the Following Data (In Dollars)for the Current

Question 76

Multiple Choice

Dennis Corporation prepared the following data (in dollars) for the current year: Increase in accounts receivable $6,000Decrease in inventory2,400Increase in prepaid expenses1,600Depreciation expense, equipment 7,000Loss on sale of equipment1,500Net income130,000\begin{array}{|l|c|}\hline \text {Increase in accounts receivable } &\$ \quad6,000 \\\hline \text {Decrease in inventory} &2,400 \\\hline \text {Increase in prepaid expenses} &1,600 \\\hline \text {Depreciation expense, equipment } &7,000 \\\hline \text {Loss on sale of equipment} &1,500 \\\hline \text {Net income} &130,000 \\\hline\end{array} Using the indirect method,what is the net cash flow from operating activities?


A) $146,800
B) $133,300
C) $101,200
D) $118,000

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