Answer
We would report cash provided by operating activities as $85,000.
Work Step by Step
Net income is adjusted downward by deducting (39,000-34,000) = 5,000 from 90,000 and reporting cash provided by operating activities as $85,000.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 5 - Balance Sheet and Statement of Cash Flows - Questions - Page 280: 25a
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