Answer:
$305,000
Explanation:
Given that,
Net income for the year = $290,000
Increase in accounts receivable = $21,000
Decrease in accounts payable = $9,000
Depreciation Expense = $45,000
Net cash provided by operating activities:
= Net Income of current year - Decrease in Accounts Payable + Depreciation Expense - Increase in Accounts Receivable
= $290,000 - $9,000 + $45,000 - $21,000
= $305,000
Based on the various amounts given, the cash provided by operating activities is $305,000
Cash from operating activities includes accounts receivables, accounts payables, the net income, and depreciation.
Cash provided from these is calculated as:
= Net income - Increase in accounts receivables - Decrease in accounts payables + Depreciation
= 290,000 - 21,000 - 9,000 + 45,000
= $305,000
In conclusion, cash from operations is $305,000
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