## Question

###### Can you answer that for me and explain why? 24. A Company recorded the following cash...

Can you answer that for me and explain why?

24. A Company recorded the following cash transactions for the year: Paid $90,000 for salaries. Paid $40,000 to purchase office equipment. Paid $10,000 for utilities. Paid $4,000 in dividends. Collected $140,000 from customers. Recorded $3,000 in depreciation expense. What was the net cash provided by operating activities? $37,000. A. $0. ($3,000). $50,000. None of the choices are correct.

## Answers

Collection from customers 140000 Depreciation expense 3000 Salaries paid -90000 Utilities paid -10000 Cash provided by operating activities 43,000 Option E is the answer

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