The following data are available for Deli Corporation.
Net income $200,000
Depreciation expense 60,000
Dividends paid 90,000
Loss on sale of land 15,000
Decrease in accounts receivable 10,000
Decrease in accounts payable 45,000
Net cash provided by operating activities is:
Select one:
A. $140,000.
B. $260,000.
C. $160,000.
D. $240,000.
E. None of the above.

Question

09-12-2022
Business

Answered

The following data are available for Deli Corporation.
Net income $200,000
Depreciation expense 60,000
Dividends paid 90,000
Loss on sale of land 15,000
Decrease in accounts receivable 10,000
Decrease in accounts payable 45,000
Net cash provided by operating activities is:
Select one:
A. $140,000.
B. $260,000.
C. $160,000.
D. $240,000.
E. None of the above.

Answer :

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Yogeshkumari Yogeshkumari · Answer 1 · 2022-12-15T23:29:20-05:00

From the following data available for Deli Corporation the net cash provided by operating activities is $240,000.

A company's financial accounts will reveal an amount known as net cash. It is calculated by deducting all of the company's liabilities from its total cash. When analyzing a company's cash flow, the net amount is often used.

Net cash can also mean the amount of cash remaining after a transaction has been completed and all related expenses and deductions have been taken into account. To determine net cash, which is a number that appears on a company's financial statements, total liabilities are subtracted from total cash.

Hence the correct option is D

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