Borax Corporation reported net income of $140,000 for the current year. Here are other data regarding Borax's activities during the current year: Interest income from short-term investments Increase in accounts receivable balance Decrease in inventory balance Decrease in accounts payable balance Increase in dividends payable balance Gain on the sale of a warehouse Cash received from the sale of a warehouse Depreciation expense on property. plant and equipment Interest expense on short-term loans $7,400 $42,000 $18,000 $35,000 $29,000 $47,000 $21,000 $32,000 $11,000 Based on the information provided, what is Borax's net cash provided by operating activities? Round to the nearest whole dollar amount and do not enter a dollar sign or a decimal point (e.g., enter 89, not $89.00).
Borax Corporation reported net income of $140,000 for the current year. Here are other data regarding Borax's activities during the current year: Interest income from short-term investments Increase in accounts receivable balance Decrease in inventory balance Decrease in accounts payable balance Increase in dividends payable balance Gain on the sale of a warehouse Cash received from the sale of a warehouse Depreciation expense on property. plant and equipment Interest expense on short-term loans $7,400 $42,000 $18,000 $35,000 $29,000 $47,000 $21,000 $32,000 $11,000 Based on the information provided, what is Borax's net cash provided by operating activities? Round to the nearest whole dollar amount and do not enter a dollar sign or a decimal point (e.g., enter 89, not $89.00).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Borax Corporation reported net income of $140,000 for the current year. Here are other data
regarding Borax's activities during the current year:
Interest income from short-term investments
Increase in accounts receivable balance
Decrease in inventory balance
Decrease in accounts payable balance
Increase in dividends payable balance
Gain on the sale of a warehouse
Cash received from the sale of a warehouse
Depreciation expense on property. plant and equipment
Interest expense on short-term loans
$7,400
$42,000
$18,000
$35,000
$29,000
$47,000
$21,000
$32,000
$11,000
Based on the information provided, what is Borax's net cash provided by operating activities? Round
to the nearest whole dollar amount and do not enter a dollar sign or a decimal point (e.g., enter 89,
not $89.00).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F16ae80a1-e1d5-43ac-ac08-1553481b35fc%2F9f5c23b4-1074-4bbd-abca-a04cb266c56a%2F0u1fp2u_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Borax Corporation reported net income of $140,000 for the current year. Here are other data
regarding Borax's activities during the current year:
Interest income from short-term investments
Increase in accounts receivable balance
Decrease in inventory balance
Decrease in accounts payable balance
Increase in dividends payable balance
Gain on the sale of a warehouse
Cash received from the sale of a warehouse
Depreciation expense on property. plant and equipment
Interest expense on short-term loans
$7,400
$42,000
$18,000
$35,000
$29,000
$47,000
$21,000
$32,000
$11,000
Based on the information provided, what is Borax's net cash provided by operating activities? Round
to the nearest whole dollar amount and do not enter a dollar sign or a decimal point (e.g., enter 89,
not $89.00).
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