Lite Travel Company's accounting records include the following information: Payments to suppliers$~~~~~~~~~~~~~~~\$ 50,000$
Collections on accounts receivable$~~~~~~~~~~~~~~~79,000$
Cash sales$~~~~~~~~~~~~~~~ 44,000$ What is the amount of net cash provided by operating activities indicated by the amounts provided?
A) $50,000.
B) $73,000.
C) $94,000.
D) $(6,000).

Question

Quizplus · Accepted Answer

Cash received, cash sales$~~~~~~~~~~~~~~~\$ 44,000$
Cash received, accourits receivable$~~~~~~~~~~~~~~~79,000$
Minus cash paid to suppliers$~~~~~~~~~~~~~~~\underline{50,000}$
$=$ Cash provided operating activities$~~~~~~~~~~~~~~~\underline{5,000}$ Cash$~~~~~~~~~~~~~~~~~~73,000$
Accounts payable$~~~~~~~~~~~~~~~~~~50,000$
Accounts receivable$~~~~~~~~~~~~~~~~~~79,000$
Sales revenue$~~~~~~~~~~~~~~~~~~44,000$

Lite Travel Company's Accounting Records Include the Following Information: Payments $50,000~~~~~~~~~~~~~~~\$ 50,000 $50,000

Lite Travel Company's Accounting Records Include the Following Information: Payments $~~~~~~~~~~~~~~~\$ 50,000$