Lite Travel Company's accounting records include the following information:

What is the amount of net cash provided by operating activities indicated by the amounts provided?

Question

Lite Travel Company's accounting records include the following information:

What is the amount of net cash provided by operating activities indicated by the amounts provided?

Quizplus · Accepted Answer

Net cash provided by operating activities can be calculated by adding depreciation expense, increase in accounts payable, and decrease in accounts receivable to the net income. Thus, ($60,000 + $14,000 + $8,000) - $9,000 = $73,000.

Lite Travel Company's Accounting Records Include the Following Information