The following data are available for Allen Clapp Corporation. Net income TA 200,000 Depreciation expensive TA. 40,000 Dividend paid TA. 60,000 Gain on sale of land TA. 10,000. Decrease in accounts received A. 20,000, Decrease in accounts payable TA. 30,000. Net cash provided by operating activities is:

A TA. 160,000
B TA.240,000
C TA. 220,000
D TA.280,000

Correct Answer: TA. 220,000

Bissoy MCQ

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