An analyst compiled the following information for Uver Inc. for the year ended December 31, 2016:
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Question:
An analyst compiled the following information for Uver Inc. for the year ended December 31, 2016: ▪ Net income was $1,700,000. ▪ Depreciation expense was $400,000. ▪ The interest paid was $200,000. ▪ Income taxes paid were $100,000. ▪ Common shares sold for $200,000. ▪ Preferred shares (8% annual dividend) were sold at a par value of $250,000. ▪ Common stock dividends of $50,000 were paid. ▪ Preferred stock dividends of $20,000 were paid. ▪ Equipment with a book value of $100,000 sold for $200,000. Using the indirect method, calculate what was Uver Inc.'s net cash flow from operating activities for the year ended December 31, 2016?
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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