During 2014, Whitefish Industries reported net income of $49,000, paid a cash dividend of $32,000. and recognized a $5,000 loss on the sale of old machinery. On the sale date, there was $4,000 of accumulated depreciation on the old machinery. Here are data regarding changes in Whitefish's balance sheet accounts during 20Y4: Accounts receivable $8,000 decrease Prepaid insurance expense $6,000 increase Accumulated depreciation $15,000 increase Accrued wages expense $2,000 increase Bonds payable $40,000 increase Based on the information provided, what is Whitefish's net cash provided by operating activities? O $73,000 O $75,000 O $77,000 O $79.000 $81,000

During 2014, Whitefish Industries reported net income of $49,000, paid a cash dividend of $32,000. and recognized a $5,000 loss on the sale of old machinery. On the sale date, there was $4,000 of accumulated depreciation on the old machinery. Here are data regarding changes in Whitefish's balance sheet accounts during 20Y4: Accounts receivable $8,000 decrease Prepaid insurance expense $6,000 increase Accumulated depreciation $15,000 increase Accrued wages expense $2,000 increase Bonds payable $40,000 increase Based on the information provided, what is Whitefish's net cash provided by operating activities? O $73,000 O $75,000 O $77,000 O $79.000 $81,000

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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