Question

Crane Company reports the following information: Net income $370000 Depreciation expense 62000 Increase in accounts receivable 27000 Crane should report cash provided by operating activities of

Answer 1

Answer: $405,000

Step-by-step explanation:

Crane should report cash provided by operating activities of:

Net income = $370,000

Add: depreciation expense = $62,000

Less: Increase in accounts receivable = 27000

Crane should report cash provided by operating activities of:

= $370,000 + $62,000 - $27,000

= $405,000