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 Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter6: Statement Of Cash Flows
Section: Chapter Questions
Problem 25E
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During 20Y4, 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
O $81.000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F16ae80a1-e1d5-43ac-ac08-1553481b35fc%2F467b6004-9aa4-474d-a579-329970176448%2F10fvwa6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:re
During 20Y4, 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
O $81.000
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