Wise Photography reported net income of $115,600 for 2020. Included in the income statement were depreciation...

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Wise Photography reported net income of $115,600 for 2020. Included in the income statement were depreciation expense of $3,800 amortization expense of $2,700, and a gain on disposal of plant assets of $4,100. Wise's comparative balance sheets show the following balances. 12/31/19 12/31/20 Accounts receivable $26,700 $21,500 Accounts payable 6,500 8.900 Calculate net cash provided by operating activities for Wise Photography. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis eg. (15,000).) Wise Photography reported net income of $115,600 for 2020. Included in the income statement were depreciation expense of $3,800 amortization expense of $2,700, and a gain on disposal of plant assets of $4,100. Wise's comparative balance sheets show the following balances. 12/31/19 12/31/20 Accounts receivable $26,700 $21,500 Accounts payable 6,500 8.900 Calculate net cash provided by operating activities for Wise Photography. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis eg. (15,000).)

Answer rating: 100% (QA)

Step 1 Cash flows from operating activities It is a section o... View the full answer