13. Statement of Cash Flows
Operating Activities: Direct Method
Multiple Choice
Multiple ChoiceDuring the year, cash paid to suppliers was $340,000. Cash received from customers was $580,000. Cash paid for operating expenses totaled $64,000. Depreciation expense totaled $16,000. The company also purchased equipment for $35,000. Using the direct method, what is the cash provided by operating activities?
A
$125,000
B
$141,000
C
$160,000
D
$176,000
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