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
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
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...
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Marigold Corporation reported net income of $49,400 in 2020.
Accounts receivable | $11,500 | increase | |
Available-for-sale debt securities | 17,000 | increase | |
Inventory | 8,000 | increase | |
Nontrade note payable | 15,600 | decrease | |
Accounts payable | 11,500 | increase |
Compute net cash provided by operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Marigold Corporation
Statement of |
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$
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Adjustments to reconcile net income to
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$
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