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During 2020, Nova Company earned net income of 384,000 which included depreciation expense of 78,000....

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Accounting

During 2020, Nova Company earned net income of 384,000 which included depreciation expense of 78,000. In addition, the company experienced the following changes in the account balances: Increase in accounts payable 45,000; Increase in Inventory 36,000; Decrease in accounts receivable 12,000; Decrease in Accrued liabilities 240,000; Decrease in Prepaid insurance 33,000. Based upon this information what amount will be shown for net cash provided by operating activities for 2020?

a.

285,000

b.

465,000

c.

492,000

d.

267,000

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