Net income was $44,700 accounts receivable decreased by $12,000 inventory increased by $7,200 proceeds from the issuance of long term debt were $15,000 accounts payable decreased by $4,100 equipment purchases were $50,000 depreciation and amortization expense was $22,500 Required Calculate the net ...

Cash flows from operating activities Net income 44700 Add deduct items not affecting cash Depreciat ...

Net income was $44,700; accounts receivable decreased by $12,000; inventory increased by $7,200; proceeds from the issuance

Question:

Net income was $44,700; decreased by $12,000; inventory increased by $7,200; proceeds from the issuance of long-term debt were $15,000; decreased by $4,100; equipment purchases were $50,000; depreciation and amortization expense was $22,500.

Required:
Calculate the net cash provided (used) by operating activities for the period.

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...