Hogan Company had the following account balances for 2016:

Hogan reported net income of $300,000 for 2016.Assuming no other changes in current account balances,what is the amount of net cash provided by operating activities for 2016 reported in the statement of cash flows?
A)$291,000.
B)$290,000.
C)$281,000.
D)$301,000.

Question

Hogan Company had the following account balances for 2016:

Hogan reported net income of $300,000 for 2016.Assuming no other changes in current account balances,what is the amount of net cash provided by operating activities for 2016 reported in the statement of cash flows?
A)$291,000. 
B)$290,000. 
C)$281,000. 
D)$301,000.

Quizplus · Accepted Answer

The Answer of Hogan Company had the following account balances for 2016:

Hogan reported net income of $300,000 for 2016.Assuming no other changes in current account balances,what is the amount of net cash provided by operating activities for 2016 reported in the statement of cash flows?
A)$291,000. 
B)$290,000. 
C)$281,000. 
D)$301,000.

Hogan Company Had the Following Account Balances for 2016