Sunland Company had net income for 2021 of $2960000. Additional information is as follows:Depreciation of plant assets$1204000Amortization of intangibles244000Increase in accounts receivable418000Increase in accounts payable546000Sunland's net cash provided by operating activities for 2021 was$4536000.$4280000.$2656000.$4408000.

Cash flows from operating activities: It is a section of Statement of cash flow that explains the sources and uses of cash from business activities.Statement of Cash Flow Cash flow from operating activities: Net income $2960000 Adjustment to reconcile net income to operating cash flow Add: Depreciation expense 1204000 Add: Amortization of intangibles 244000 Less: Increase in accounts receivable (418000) Add: Increase in accounts payable 546000 Net cash provided by operating activities $4536000

Answered: Sunland Company had net income for 2021…

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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Sunland Company had net income for 2021 of $2960000. Additional information is as follows:

Depreciation of plant assets	$1204000
Amortization of intangibles	244000
Increase in accounts receivable	418000
Increase in accounts payable	546000

Sunland's net cash provided by operating activities for 2021 was

$4536000.

$4280000.

$2656000.

$4408000.

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