Lite Travel Company accounting records include the following information: Payments to suppliers $49,000 Collections of accounts receivable
Fantastic news! We've Found the answer you've been seeking!
Question:
Lite Travel Company accounting records include the following information:
Payments to suppliers | $49,000 |
Collections of accounts receivable | 77,000 |
cash sales | 47,000 |
What is the amount of net cash provided by operating activities indicated by the amounts provided? |
S Company reported net income for 2016 in the amount of $440,000. The company's financial statements also included the following:
Increase in accounts receivable | $ 83,000 |
decrease in inventory | 63,000 |
Increase in accounts payable | 240.000 |
depreciation expense | 107,000 |
Profit on sale of land | 148.000 |
What is the net cash provided by operating activities under the indirect method?
Related Book For
Financial Accounting
ISBN: 978-0134127620
11th edition
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
Posted Date: