The following details were determined from a company's comparative balance sheets for the current and last year: Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings Increase (Decrease) $21,900 $13,500 ($16,800) $4,100 $10,200 $77,000 $33,200 ($19,600) $16,800 $4,200 ($61,200) $41,600 $94,900 Net income for the current year is $99,200. The company paid a $4,300 cash dividend. No long-term investment or property, plant, and equipment was sold. No bonds payable were issued and no stock was repurchased. Answer the following questions using the indirect method for the preparation for the statement of cash flows: a) What is the net cash provided by (used in) operating activities? b) What is the net cash provided by (used in) investing activities? c) What is the net cash provided by (used in) financing activities?

The following details were determined from a company's comparative balance sheets for the current and last year: Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings Increase (Decrease) $21,900 $13,500 ($16,800) $4,100 $10,200 $77,000 $33,200 ($19,600) $16,800 $4,200 ($61,200) $41,600 $94,900 Net income for the current year is $99,200. The company paid a $4,300 cash dividend. No long-term investment or property, plant, and equipment was sold. No bonds payable were issued and no stock was repurchased. Answer the following questions using the indirect method for the preparation for the statement of cash flows: a) What is the net cash provided by (used in) operating activities? b) What is the net cash provided by (used in) investing activities? c) What is the net cash provided by (used in) financing activities?

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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