The following details were determined from a company's comparative balance sheets for the current and last...

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The following details were determined from a company's comparative balance sheets for the current and last year: Cash and cash equivalents Accounts receivable Inventory Increase (Decrease) ($19,000) ($34,000) $13,000 ($21,000) $100,000 Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation Accounts payable $95,000 $98,000 SO Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings $24,160 ($14,160) ($60,000) $40,000 $46,000 Net income for the current year is $118,000. The company paid a $72,000 cash dividend. No long-term investment of method for the preparation for the statement of cash flows: a) What is the net cash provided by (used in) operating activities? b) What is the net cash provided by (used in) investing activities? c) What is the net cash provided by (used in) financing activities? The following details were determined from a company's comparative balance sheets for the current and last year: Cash and cash equivalents Accounts receivable Inventory Increase (Decrease) ($19,000) ($34,000) $13,000 ($21,000) $100,000 Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation Accounts payable $95,000 $98,000 SO Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings $24,160 ($14,160) ($60,000) $40,000 $46,000 Net income for the current year is $118,000. The company paid a $72,000 cash dividend. No long-term investment of method for the preparation for the statement of cash flows: a) What is the net cash provided by (used in) operating activities? b) What is the net cash provided by (used in) investing activities? c) What is the net cash provided by (used in) financing activities?

Answer rating: 100% (QA)

To determine the net cash provided by used in operating activities investing activities and financing activities we need to analyze the changes in the ... View the full answer