Tildon Company Reported Net Income of $35,000 for the Year

Multiple Choice

Tildon Company reported net income of $35,000 for the year. During the year, accounts receivable increased by $7,000, accounts payable increased by $3,000 and depreciation expense of $5,000 was recorded. Net cash provided by operating activities for the year is:

A) $50,000.
B) $34,000.
C) $36,000.
D) $35,000.