Drugstore Corp had a net income of 38000 Accounts Receivable increased by 5500 accounts payable decreased by

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Drugstore Corp had a net income of 38000

Accounts Receivable increased by 5500

accounts payable decreased by 2500

depreciation expense for the year was 500 a

additional transactions include the purchase of land in exchange for stock 35000

the sale of treasury stock 2500

issued bonds 4000 acquired building y issuing a note 80000

Using the direct method the net increase in cash for the year is?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Posted Date: Oct 28, 2020 10:48 PM

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Drugstore Corp had a net income of 38000 Accounts Receivable increased by 5500 accounts payable decreased by

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Explanation Net Income 38000 Adjustments For Depreciation expense 500 Increas... View the full answer

Intermediate Accounting

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