Big Dollars Corporation's comparative financial statements included the following amounts for the current year: S650,000 Net...
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Big Dollars Corporation's comparative financial statements included the following amounts for the current year: S650,000 Net income Depreciation expense 93,000 Equity in earnings of unconsolidated affiliate 61,000 Gain on sale of fixed assets 4,000 Increase in accounts receivable 25,000 Decrease in inventory 57,000) Decrease in fixed assets 38,000 Increase in accounts payable 42,000 Decrease in notes payable (nontrade) 75,000) On its current year statement of cash flows, what is Big Dollars' net cash provided by operating activities? a. $677,000 b. $714,000 c. S752,000 d. $790,000 Big Dollars Corporation's comparative financial statements included the following amounts for the current year: S650,000 Net income Depreciation expense 93,000 Equity in earnings of unconsolidated affiliate 61,000 Gain on sale of fixed assets 4,000 Increase in accounts receivable 25,000 Decrease in inventory 57,000) Decrease in fixed assets 38,000 Increase in accounts payable 42,000 Decrease in notes payable (nontrade) 75,000) On its current year statement of cash flows, what is Big Dollars' net cash provided by operating activities? a. $677,000 b. $714,000 c. S752,000 d. $790,000
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The answer is C 752000 Below given is the explanation Operating Profit Depreciation ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Posted Date:
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