The Robinson Company reported net income of $90,000 in 2010. Additional information follows:Depreciation expense$18,000Loss on sale of equipment 10,000 Gain on sale of land 17,000 Given just this information, what was the Robinson Company's net cash provided by operating activities in 2010

Respuesta :

Answer:

$101,000

Explanation:

With regards to the above information , the net cash provided by operating activities is computed as;

Net income

$90,000

Add:

Depreciation expense

$18,000

Add:

Loss on sale of equipment

$10,000

Less:

Gain on sale of land

($17,000)

Net cash provided by operating activities

$101,000

Therefore, Robinson company's net cash provided by operating activities is 2010 is $101,000