What is the net cash provided by operating activities? BT21 Co. provided the following data:20212020CashP 350,000840,000660,000P150,000580,000420,000Accounts Receivable, netMerchandise InventoryPrepaid ExpensesLong Term InvestmentProperty, Plant and EquipmentAccumulated DepreciationAccounts PayableAccrued ExpensesDividends PayableNotes Payable-Long Term debtShare CapitalRetained EarningsNet Credit SalesCost of Goods Sold50,000100,00080,0001,130,000110,000530,000140,00070,000600,00050,000440,000130,000500,0001,200,000560,0006,400,000900,000330,0004,000,0005,000,0003,200,000520,000ExpensesNet Income1,000,000400,000280,000All accounts receivable and accounts payable relate to trade merchandise. Accounts payable are recorded net andalways paid to take all the discounts allowed. The allowance for doubtful accounts at the end of 2021 was the sameas at the end of 2020. No receivables were charged against the allowance during 2021. The proceeds from the notepayable were used to finance a new store building. Share capital was sold to provide additional working capital.What is the net cash provided by operating activities?

Cash flows from operating activities: It is a section of Statement of cash flow that explains the…

BT21 Co. provided the following data: 2021 2020 Cash P 350,000 840,000 P150,000 Accounts Receivable, net Merchandise Inventory Prepaid Expenses Long Term Investment Property, Plant and Equipment Accumulated Depreciation Accounts Payable Accrued Expenses Dividends Payable Notes Payable-Long Term debt Share Capital Retained Earnings Net Credit Sales 580,000 420,000 100,000 660,000 50,000 80,000 1,130,000 110,000 600,000 50,000 440,000 130,000 530,000 140,000 70,000 500,000 1,200,000 560,000 900,000 330,000 4,000,000 6,400,000 5,000,000 1,000,000 Cost of Goods Sold Expenses Net Income 3,200,000 520,000 280,000 400,000 All accounts receivable and accounts payable relate to trade merchandise. Accounts payable are recorded net and always paid to take all the discounts allowed. The allowance for doubtful accounts at the end of 2021 was the same as at the end of 2020. No receivables were charged against the allowance during 2021. The proceeds from the note payable were used to finance a new store building. Share capital was sold to provide additional working capital. What is the net cash provided by operating activities?

BT21 Co. provided the following data: 2021 2020 Cash P 350,000 840,000 P150,000 Accounts Receivable, net Merchandise Inventory Prepaid Expenses Long Term Investment Property, Plant and Equipment Accumulated Depreciation Accounts Payable Accrued Expenses Dividends Payable Notes Payable-Long Term debt Share Capital Retained Earnings Net Credit Sales 580,000 420,000 100,000 660,000 50,000 80,000 1,130,000 110,000 600,000 50,000 440,000 130,000 530,000 140,000 70,000 500,000 1,200,000 560,000 900,000 330,000 4,000,000 6,400,000 5,000,000 1,000,000 Cost of Goods Sold Expenses Net Income 3,200,000 520,000 280,000 400,000 All accounts receivable and accounts payable relate to trade merchandise. Accounts payable are recorded net and always paid to take all the discounts allowed. The allowance for doubtful accounts at the end of 2021 was the same as at the end of 2020. No receivables were charged against the allowance during 2021. The proceeds from the note payable were used to finance a new store building. Share capital was sold to provide additional working capital. What is the net cash provided by operating activities?

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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