SingSong Corporation reports the following information: $\begin{array}{llcc}
\text { Net income...............................................} & \$720,000 \
\text { Depreciation expense................................ } &210,000\
\text { Increase in accounts receivable.................. } &90,000\
\end{array}$
SingSong should report cash provided by operating activities of

Question

SingSong Corporation reports the following information: $\begin{array}{llcc}
  \text {  Net income...............................................} & \$720,000 \
 \text { Depreciation expense................................ } &210,000\
 \text { Increase in accounts receivable.................. } &90,000\
\end{array}$
 SingSong should report cash provided by operating activities of

Quizplus · Accepted Answer

To calculate cash provided by operating activities, start with net income, add back non-cash expenses (like depreciation), and adjust for changes in working capital (like accounts receivable). Here, it's $720,000 + $210,000 - $90,000 = $840,000.

SingSong Corporation Reports the Following Information SingSong Should Report Cash Provided by Operating Activities of A)

SingSong Corporation Reports the Following Information SingSong Should Report Cash Provided by Operating Activities of
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