Net income was $40,000; accounts receivable decreased by $10,000; inventory increased by $3,000; proceeds from the issuance of long-term debt were $22,500; equipment purchases were $75,000: depreciation expense was $16,000. The net cash provided (used) by operating activities for the period was:
Net income was $40,000; accounts receivable decreased by $10,000; inventory increased by $3,000; proceeds from the issuance of long-term debt were $22,500; equipment purchases were $75,000: depreciation expense was $16,000. The net cash provided (used) by operating activities for the period was:
Chapter1: Financial Statements And Business Decisions
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Net income was $40,000; accounts receivable decreased by $10,000; inventory increased by $3,000; proceeds from the issuance of long-term debt were $22,500; equipment purchases were $75,000:
depreciation expense was $16,000. The net cash provided (used) by operating activities for the period was:
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