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Mayberry's statement of cash flow is completed using the visual inspection method. Information regarding the Mayberry Company in 2 appears below: Net income Dividends paid Decrease in inventory Increase in accounts payable Proceeds from issue of common stock Depreciation expense What was Mayberry's net increase in cash? O $245,000 O $255.000 O$225,000 $190.000 $140,000 20,000 15,000 30,000 70,000 10,000

Mayberry's statement of cash flow is completed using the visual inspection method. Information regarding the Mayberry Company in 2 appears below: Net income Dividends paid Decrease in inventory Increase in accounts payable Proceeds from issue of common stock Depreciation expense What was Mayberry's net increase in cash? O $245,000 O $255.000 O$225,000 $190.000 $140,000 20,000 15,000 30,000 70,000 10,000

FINANCIAL ACCOUNTING
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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Mayberry's statement of cash flow is completed using the visual inspection method. Information regarding the Mayberry Company in 2020 appears below: Net income Dividends paid Decrease in inventory Increase in accounts payable Proceeds from issue of common stock Depreciation expense What was Mayberry's net increase in cash? O $245,000 $255.000 $225,000 $190.000 $140,000 20,000 15,000 30,000 70,000 10,000
Transcribed Image Text:Mayberry's statement of cash flow is completed using the visual inspection method. Information regarding the Mayberry Company in 2020 appears below: Net income Dividends paid Decrease in inventory Increase in accounts payable Proceeds from issue of common stock Depreciation expense What was Mayberry's net increase in cash? O $245,000 $255.000 $225,000 $190.000 $140,000 20,000 15,000 30,000 70,000 10,000
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