Marigold Corp. reported net income of $59000 for the year ended December 31, 2021 Included in net income were depreciation expense of $8900 and a gain on sale of equipment of $2100. Each of the following accounts increased during 2021 Accounts receivable $2700 Inventory $4900 Prepaid rent $7300 Available-for-sale securities $900 $5000 Accounts payable What is the amount of cash provided by operating activities for Marigold Corp. for the year ended December 31, 2021? $58000 Ⓒ$55900 Ⓒ$55000 $46700

Marigold Corp. reported net income of $59000 for the year ended December 31, 2021 Included in net income were depreciation expense of $8900 and a gain on sale of equipment of $2100. Each of the following accounts increased during 2021 Accounts receivable $2700 Inventory $4900 Prepaid rent $7300 Available-for-sale securities $900 $5000 Accounts payable What is the amount of cash provided by operating activities for Marigold Corp. for the year ended December 31, 2021? $58000 Ⓒ$55900 Ⓒ$55000 $46700

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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