Martinez Company completed its first year of operations on December 31, 2025. Its initial income statement showed that Martinez had sales revenue of $235.818 and operating expenses of 98.853 Accounts receivable and accounts payable at year-end were $71.460 and $27.393, respectively Assume that accounts payable related to operating expenses. Ignore income taxes Compute net cash provided (used) by operating activities using the direct method. (Show amounts that decrease cash flow with either a signes -15,000 or in parenthesis (15,0001) cash provided (used) by operating activities S Net cash p
Martinez Company completed its first year of operations on December 31, 2025. Its initial income statement showed that Martinez had sales revenue of $235.818 and operating expenses of 98.853 Accounts receivable and accounts payable at year-end were $71.460 and $27.393, respectively Assume that accounts payable related to operating expenses. Ignore income taxes Compute net cash provided (used) by operating activities using the direct method. (Show amounts that decrease cash flow with either a signes -15,000 or in parenthesis (15,0001) cash provided (used) by operating activities S Net cash p
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Martinez Company completed its first year of operations on December 31, 2025. Its initial income statement showed that Martinez hud sales revenue of $235,818 and operating expenses of
$98,853 Accounts receivable and accounts payable at year-end were $71.460 and $27,393, respectively. Assume that accounts payable related to operating expenses. Ignore income taxes
Compute net cash provided (used) by operating activities using the direct method. (Show amounts that decrease cash flow with either a sign eg -15,000 or in parenthesis eg (15,000
Net cash provided (used) by operating activities $
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