Callaway Golf Company provides the following information pertaining to its recent year of operation: Net income $100,000 Accounts receivable increased $9,000 Prepaid insurance decreased $3,000 Depreciation expense was $15,000 Gain on sale of land $2,000 Wages payable decreased $7,000 Unearned revenue increased $11,000 How much was net cash provided by operating activities?
Callaway Golf Company provides the following information pertaining to its recent year of operation: Net income $100,000 Accounts receivable increased $9,000 Prepaid insurance decreased $3,000 Depreciation expense was $15,000 Gain on sale of land $2,000 Wages payable decreased $7,000 Unearned revenue increased $11,000 How much was net cash provided by operating activities?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Callaway Golf Company provides the following information pertaining to its recent year of operation:
Net income $100,000
Accounts receivable increased $9,000
Prepaid insurance decreased $3,000
Depreciation expense was $15,000
Gain on sale of land $2,000
Wages payable decreased $7,000
Unearned revenue increased $11,000
How much was net cash provided by operating activities?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education