Question

Consider the following information:


Net income $20,000
Depreciation 3,000
Increase in accounts receivable 1,000
Decrease in prepaid rent (400)
Increase in accrued liabilities 900
Cash paid to purchase office equipment 4,000

What is the net cash provided by operating activities?

A) $17,500

B) $18,500

C) $21,500

D) $23,300

Answer

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