Answer :
Answer:
A. $34,000.
Explanation:
We can determine the Net cash provided by operating activities by preparing the Cash flow from Operating Activities Section of the Cash flow Statement using the Indirect method as below
Cash flow from Operating Activities
Net income for the year 52,000
Adjustment for Non - Cash items :
Depreciation expense 30,000
Adjustment for Changes in Working Capital items :
Decrease in Accounts payable (18,000)
Increase in Accounts receivable (25,000)
Increase in Inventories (5,000)
Net cash provided by operating activities 34,000
Therefore,
Net cash provided by operating activities was A. $34,000.