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Determine the balance for Net cash provided by operating activities. Net cash provided by operating activities type your answer.

Determine the balance for Net cash provided by operating activities. Net cash provided by operating activities type your answer.

FINANCIAL ACCOUNTING
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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SatermenLOCasn FlowS For the Year Ended Decermber 31, 2020 Cash flows from operating activities: Net income $ 579,037 Adjustments to reconcile net income to cash flow from operating activities: Depreciation expense Loss on sale of equipment 35,000 5,000 25,000 28,903 (19,440) (39,500) (1,500) 101,000 Accounts receivable Inventory Prepaid insurance Accounts payable Interest payable Incorne tax payable Net cash provided by operating activities Cash flows from investing activities: Net cash used from investing Cash flows from financing activities: Net cash used in financing activities Net increase in cash and cash equivalents Cash at the beginning of the period Cash at the end of the period 31,500 Determine the balance for Net cash provided by operating activities. Net cash provided by operating activities type your answer.
Transcribed Image Text:SatermenLOCasn FlowS For the Year Ended Decermber 31, 2020 Cash flows from operating activities: Net income $ 579,037 Adjustments to reconcile net income to cash flow from operating activities: Depreciation expense Loss on sale of equipment 35,000 5,000 25,000 28,903 (19,440) (39,500) (1,500) 101,000 Accounts receivable Inventory Prepaid insurance Accounts payable Interest payable Incorne tax payable Net cash provided by operating activities Cash flows from investing activities: Net cash used from investing Cash flows from financing activities: Net cash used in financing activities Net increase in cash and cash equivalents Cash at the beginning of the period Cash at the end of the period 31,500 Determine the balance for Net cash provided by operating activities. Net cash provided by operating activities type your answer.
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