Use the following information to calculate the net cash provided (inflow) or used by (outflow) from...

 

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Use the following information to calculate the net cash provided (inflow) or used by (outflow) from operating activities for the STAR Corporation: (a) Net income, $72,000 (b) Depreciation and amortization $8,000 (c) Gain on sale of equipment $ 2,000 (d) Gain on selling investments $26,000 (e) Decrease in accounts receivable $4,000 (f) Increase in Accounts payable $3,000 (g) Issuance of common stock $ 60,000 (h) bad debts expense $ 5,000 (i) Dividends paid $ 22,000 (Note: in the answer space, write only the number, with no $ signs or commas. That is, if your answer is $1,000, white it as : 1000 ). Answer: Use the following information to calculate the net cash provided (inflow) or used by (outflow) from operating activities for the STAR Corporation: (a) Net income, $72,000 (b) Depreciation and amortization $8,000 (c) Gain on sale of equipment $ 2,000 (d) Gain on selling investments $26,000 (e) Decrease in accounts receivable $4,000 (f) Increase in Accounts payable $3,000 (g) Issuance of common stock $ 60,000 (h) bad debts expense $ 5,000 (i) Dividends paid $ 22,000 (Note: in the answer space, write only the number, with no $ signs or commas. That is, if your answer is $1,000, white it as : 1000 ). Answer:

Answer rating: 100% (QA)

Answer Statement of cash flow Partial Operating activities Net income 72000 Add Adju... View the full answer