Red Rock Company has provided the following information pertaining to its recent year of operation: .Net income, $201,000 • Accounts receivable increased $18,200 • Prepaid insurance decreased $6,100 • Depreciation expense was $32,000 • Gain on sale of land, $4,100 • Wages payable decreased $14,200 . Uneamed revenue increased $22,200 Using the indirect method, how much was Red Rock's net cash provided by operating activities? Multiple Choice $224,800 $1,782,000

Red Rock Company has provided the following information pertaining to its recent year of operation: .Net income, $201,000 • Accounts receivable increased $18,200 • Prepaid insurance decreased $6,100 • Depreciation expense was $32,000 • Gain on sale of land, $4,100 • Wages payable decreased $14,200 . Uneamed revenue increased $22,200 Using the indirect method, how much was Red Rock's net cash provided by operating activities? Multiple Choice $224,800 $1,782,000

Name: A1 Red Rock Company has provided the following information pertaining
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Description: A1 Red Rock Company has provided the following information pertaining to its recent year of operation:Net income, $201,000• Accounts receivable increased $18,200• Prepaid insurance decreased $6,100• Depreciation expense was $32,000• Gain on sale of l

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 13MCQ

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