Dr. Crane Veterinary Services recorded the following cash transactions for the year: Paid $151000 for salaries Paid $85900 to purchase equipment Paid $48400 for utilities, supplies, insurance, and advertising Paid $36400 for rent Issued shares of stock for $60400 Paid $27500 in dividends Collected $657000 from customers Paid $3700 to purchase investments What was the company's net cash provided (used) by operating activities? O The amount cannot be determined from the information provided. $393700 O $307800 ✪ $421200

Dr. Crane Veterinary Services recorded the following cash transactions for the year: Paid $151000 for salaries Paid $85900 to purchase equipment Paid $48400 for utilities, supplies, insurance, and advertising Paid $36400 for rent Issued shares of stock for $60400 Paid $27500 in dividends Collected $657000 from customers Paid $3700 to purchase investments What was the company's net cash provided (used) by operating activities? O The amount cannot be determined from the information provided. $393700 O $307800 ✪ $421200

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 10RE: In the current year, Harrisburg Corporation collected 100,000 from its customers and paid out 30,000...

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