Question: Based on the information given in Exercise 5-18 and using the direct method, compute the net amount of cash provided by (used in) operating activities

Based on the information given in Exercise 5-18 and using the direct method, compute the net amount of cash provided by (used in) operating activities for the year.

Exercise 5-18:

The following information was taken from the comparative financial statements of Buttercup Corporation.

Net income for year Sales revenue... Cost of goods sold (except depreciation).

Depreciation expense for year. Amortization of goodwill for year. Interest expense on

Using the indirect method, compute the net amount of cash provided by (used in)
operating activities for the year.

Net income for year Sales revenue... Cost of goods sold (except depreciation). Depreciation expense for year. Amortization of goodwill for year. Interest expense on short-term debt for Dividends declared and paid during year. year $ 90,000 500,000 300,000 60,000 10,000 3,500 65,000

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