Cullumber Beverage Company reported the following items in the most recent year. Net income $48,300 Dividends paid 6,320 Increase in accounts receivable 11,860 Increase in accounts payable 7,470 Purchase of equipment (capital expenditure) 8,710 Depreciation expense 4,470 Issue of notes payable 22,850 Compute net cash provided by operating activities, the net change in cash during the year.
Cullumber Beverage Company reported the following items in the most recent year. Net income $48,300 Dividends paid 6,320 Increase in accounts receivable 11,860 Increase in accounts payable 7,470 Purchase of equipment (capital expenditure) 8,710 Depreciation expense 4,470 Issue of notes payable 22,850 Compute net cash provided by operating activities, the net change in cash during the year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Cullumber Beverage Company reported the following items in the most recent year.
Compute net cash provided by operating activities, the net change in cash during the year. (Show amounts that decreasecash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
| Net income | $48,300 | |
| Dividends paid | 6,320 | |
| Increase in |
11,860 | |
| Increase in accounts payable | 7,470 | |
| Purchase of equipment (capital expenditure) | 8,710 | |
| 4,470 | ||
| Issue of notes payable | 22,850 |
Compute net cash provided by operating activities, the net change in cash during the year. (Show amounts that decrease
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