Question

Georgia Products Co. had the following positive cash flows during the current year: received cash from customers of $750,000; received bank loans of $35,000; and received cash from the sale of common stock of $145,000. During the same year, cash was paid out to purchase inventory for $335,000, to employees for $230,000, and for the purchase of plant assets of $190,000. Calculate the amount of cash provided by or used for operating activities by the direct method.



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  • CreatedApril 17, 2014
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