Marigold Corporation reported net income of $49,400 in 2020. Depreciation expense was $16,700. The following working capital accounts changed. Accounts receivable $11,500 increase Available-for-sale debt securities 17,000 increase Inventory 8,000 increase Nontrade note payable 15,600 decrease Accounts payable 11,500 increase Compute net cash provided by operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Marigold Corporation Statement of Cash Flows (Partial) $ Adjustments to reconcile net income to $
Marigold Corporation reported net income of $49,400 in 2020. Depreciation expense was $16,700. The following working capital accounts changed. Accounts receivable $11,500 increase Available-for-sale debt securities 17,000 increase Inventory 8,000 increase Nontrade note payable 15,600 decrease Accounts payable 11,500 increase Compute net cash provided by operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Marigold Corporation Statement of Cash Flows (Partial) $ Adjustments to reconcile net income to $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
10.
Your answer is partially correct.
Marigold Corporation reported net income of $49,400 in 2020. Depreciation expense was $16,700. The following working capital accounts changed.
Compute net cash provided by operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
| $11,500 | increase | ||
| Available-for-sale debt securities | 17,000 | increase | |
| Inventory | 8,000 | increase | |
| Nontrade note payable | 15,600 | decrease | |
| Accounts payable | 11,500 | increase |
Compute net cash provided by operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
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Marigold Corporation
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Adjustments to reconcile net income to
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$
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