Question

Metro Inc. reported net income of $150,000 for 2014. Changes occurred in several balance sheet accounts during 2014 as follows:
Investment in Videogold Inc. stock, carried on the equity basis $5,500 increase
Accumulated depreciation caused by major repair to projection equipment 2,100 decrease
Premium on bonds payable 1,400 decrease
Deferred tax liability (long term) 1,800 increase

Required:
Determine the reported net cash provided by operating activities for Metro in 2014.



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  • CreatedSeptember 10, 2014
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