Gamma Corporation reported Net Income of $85,000 for FY2021. In addition, selected accounts showed the following information: Accounts Receivable Accounts Payable Buildings Depreciation Wages Payable $2,000 increase $1,200 decrease $3,000 decrease $3,000 increase $6,000 increase What was the amount of cash provided by operating activities?

Gamma Corporation reported Net Income of $85,000 for FY2021. In addition, selected accounts showed the following information: Accounts Receivable Accounts Payable Buildings Depreciation Wages Payable $2,000 increase $1,200 decrease $3,000 decrease $3,000 increase $6,000 increase What was the amount of cash provided by operating activities?

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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