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What is amount of net cash provided by operating activities

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Reference no: EM131587601

Problem - Hogan Company, had the following account balances for 2016:

 

Dec. 31

Jan. 1

Accounts receivable

$44,000

$35,000

Accounts payable

60,000

55,000

Prepaid insurances

15,000

10,000

Hogan reported net income of $300,000 for 2016. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2016 reported in the statement of cash flows?

a. $291,000.

b. $290,000.

c. $281,000.

d. $301,000.

Reference no: EM131587601

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