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Wilson Corporation reported $85,000 in net income during 20Y3. Depreciation expense was $14,000. The following current assets and liabilities also...
Wilson Corporation reported $85,000 in net income during 20Y3. Depreciation expense was $14,000. The following current assets and liabilities also changed during the year:
Increase in A/R
Decrease in Inventory
Increase in Prepaid Rent
Decrease in A/P
Decrease in Income Taxes Payable
$6,000 $5,000 $2,000 $7,000 $1,000
Net cash from operating activities isĀ (Circle the correct answer.): A. $88,000
B. $92,000
C. $102,000
D. $114,000