Accouting Question? (6) multiple choice check?
calculate net cash provided or used by operating activities
Net income 12,300
Depreciation expense 12,000
Payment on mortgage payable 15,000
gain on sale of land 7,500
increase in mechandise inventory 2,050
increase in accts payable 6,150
proceeds from sale of land 8,000
a) 12,700
b) 13,900
c) 20,900
d) 28,400
e) 35,900
show work please…..
my answer: im not putting any calcuations up here for this one b/c i tried so many different ways and still didnt come up with any of the answers… i really need help w/ this one
I got 20,900 (c)
NI + depreciation – gain on sale – increase inventory + increase AP.
All other is not operating cash flow but I could be wrong. Good luck 
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