From the following data for Vargas Company, determine the net cash flow provided (used) by operating activities. Net income 50,000 Depreciation for the year 35,000 Dividends declared during the year 30,000 Beginning End of Year of Year Cash and cash equivalents 35,000 42,000 Accounts receivable 25,000 27,000 Inventory 83,000 80,000 Prepaid expenses 7,000 8,000 Accounts payable 28,000 22,000 Accrued liabilities 7,000 2,000 Dividends payable 23,000 25,000

From the following data for Vargas Company, determine the net cash flow provided (used) by operating activities. Net income 50,000 Depreciation for the year 35,000 Dividends declared during the year 30,000 Beginning End of Year of Year Cash and cash equivalents 35,000 42,000 Accounts receivable 25,000 27,000 Inventory 83,000 80,000 Prepaid expenses 7,000 8,000 Accounts payable 28,000 22,000 Accrued liabilities 7,000 2,000 Dividends payable 23,000 25,000

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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