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22-04-2024
Business

Answered

Hanson Company had the following account balances for 2024: December 31 January 1 Inventory $ 40,000 $ 35,000 Accounts payable 40,000 55,000 Hanson reported net income of $90,000 for 2024. Assuming no other changes in current account balances, What is the amount of net cash provided by operating activities for 2024 reported in the statement of cash flows?
1) $70,000
2) $100,000
3) $80,000
4) $110,000

Answer :

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