Paper Co. had net income of $70,000 during the year. Dividend payment was $10,000. The following information is available:What amount should Paper report as net cash provided by operating activities in its statement of cash flows for the year? Mortgage repayment Available-for-sale securities purchased Bonds payable-issued Inventory Accounts payable $0 $10,000 $30,000 $20,000 10,000 increase 50,000 increase 40.000 increase 30.000 decrease

Paper Co. had net income of $70,000 during the year. Dividend payment was $10,000. The following information is available:What amount should Paper report as net cash provided by operating activities in its statement of cash flows for the year? Mortgage repayment Available-for-sale securities purchased Bonds payable-issued Inventory Accounts payable $0 $10,000 $30,000 $20,000 10,000 increase 50,000 increase 40.000 increase 30.000 decrease

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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Question

Paper Co. had net income of $70,000 during the year. Dividend payment was $10,000. The following information is available:What amount should Paper report as net cash provided by operating activities in its statement of cash flows for the year?
Mortgage repayment
Available-for-sale securities purchased
Bonds payable-issued
Inventory
Accounts payable
O $0
O $10,000
O $30,000
O $20,000
$20,000
10,000 increase
50,000 increase
40,000 increase
30,000 decrease

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