The net cash provided by (used in) operating activities for the year was:
$168
$8
$152
$229
Solution
Answer: Calculation of net cash provided by (used in) operating activities for the year are
as follows:
Particulars Amount ($)
Net income 160
Adjustment to convert net income to cash basis:
depreciation charges 11
decrease in account receivable 6
decrease in inventory 1
decrease in account payable -7
decrease in accrued liability -1
decrease in income tax payable -2
net cash provided by operating activities 168