TC Hotel's net income for the year ended September 30, 2020 was $145,000. Additional data for...
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TC Hotel's net income for the year ended September 30, 2020 was $145,000. Additional data for the year is provided below. Purchase of property and equipment $297,000 Depreciation of property and equipment $18,800 Dividends declared $60,000 Decrease in accounts receivable $28,000 $16,000 $18,800 Calculate the net cash provided (used) by operating activities using the indirect method. Loss on sale of equipment Issue of common shares TC Hotel's net income for the year ended September 30, 2020 was $145,000. Additional data for the year is provided below. Purchase of property and equipment $297,000 Depreciation of property and equipment $18,800 Dividends declared $60,000 Decrease in accounts receivable $28,000 $16,000 $18,800 Calculate the net cash provided (used) by operating activities using the indirect method. Loss on sale of equipment Issue of common shares
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Related Book For
Understanding Financial Accounting
ISBN: 9781119406921
2nd Canadian Edition
Authors: Christopher D. Burnley
Posted Date:
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