Blue Spruce Co. reported the following items in the most recent year: Net income Dividends paid Increase in accounts receivable Increase in accounts payable Purchase of equipment Depreciation expense Issue of notes payable for cash (a) $49,500 5,500 10,500 7,000 9,000 4,000 29,500 Calculate net cash provided (used) by operating activities, the net change in cash during the year, and free cash flow. Dividends paid related to the company's common shares and are treated as financing activities. Blue Spruce uses the indirect method for its statement of cash flows. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Blue Spruce Co. reported the following items in the most recent yearNet incomeDividends paidIncrease in accounts receivableIncrease in accounts payablePurchase of equipmentDepreciation expenseIssue of notes payable for cash(a)$49.5005,50010,5007,0009,0004,00029.500Calculate net cash provided (used) by operating activities, the net change in cash during the year, and free cash flow. Dividendspaid related to the company's common shares and are treated as financing activities. Blue Spruce uses the indirect method for itsstatement of cash flows. (Show amounts that decrease cash flow with either a sign es-15,000 or in parenthesis eg. (15,0001)

CASH FLOW STATEMENTCash flow statement is additional information to user of financial statement.…

Answered: Blue Spruce Co. reported the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Blue Spruce Co. reported the following items in the most recent year: Net income Dividends paid Increase in accounts receivable Increase in accounts payable Purchase of equipment Depreciation expense Issue of notes payable for cash (a) $49,500 5,500 10,500 7,000 9,000 4,000 29,500 Calculate net cash provided (used) by operating activities, the net change in cash during the year, and free cash flow. Dividends paid related to the company's common shares and are treated as financing activities. Blue Spruce uses the indirect method for its statement of cash flows. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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