Jamison Construction reported net income of $18,582,496 for the year. It also recorded an increase in accounts receivable of $13,592 and a decrease in accounts payable of $18,486. It sold unneeded land at its book value of $700,000. In addition, it used $1,842,000 for financing activities. What was its net change in cash for the year? Select answer from the options below increase of $10,408,418 increase of $18,550,418 decrease of $17,435,602 decrease of $23,035,602

Answer rating: 100% (QA)

To calculate the net change in cash for Jamison Construction we need to c... View the full answer