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Brian Company recorded the following cash transactions for the year ended December 31, 2013:Received cash receipts from their customers totaling $600,000Paid $225,000 in salariesPaid $80,000 in rent and utilitiesPaid $6,000 in insuranceWhat is the net cash provided by operating activities on Brian Company's Statement of Cash Flows as of December 31, 2013?A. $600,000B. $577,500C. $295,000D. $289,000

Respuesta :

Answer:

D. $289,000

Explanation:

The computation of the net cash provided by operating activities is shown below:

Cash flow from operating activities

Received cash receipts from their customers $600,000

Less:  

Salaries Paid In Cash -$225,000

Rent and Utilities Paid in Cash -$80,000

Insurance Paid in Cash -$6,000

Net Cash Provided by Operating Activities $289,000

The cash inflow indicates in a positive sign while the cash outflow indicates in a negative sign

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