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 TA. 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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