The following information is given for Tripp Company, which uses the indirect method.

Net income	$20,000
Depreciation expense	3,000
Increase in accounts receivable	2,000
Payment of dividends	2,000
Proceeds from sale of equipment	6,000
Increase in accounts payable	4,000
Decrease in inventory	3,000

 

From the information provided, answer the following questions: 

1. The cash flow from operating activities is ________. 

2. The cash flow from investing activities is ________. 

3. The cash flow from financing activities is ________. 

Answer rating: 100% (QA)

1 The cash flow from operating activities is 28000 Working No... View the full answer