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The following information should be used to according to the provisions flows) and using the following data. Net income Provision for bad debts Increase in inventory Increase in accounts payable Purchase of new equipment Sale of equipment for $10,000 gain $50,000 2,000 1,000 2,000 15,000 20,000

The following information should be used to according to the provisions flows) and using the following data. Net income Provision for bad debts Increase in inventory Increase in accounts payable Purchase of new equipment Sale of equipment for $10,000 gain $50,000 2,000 1,000 2,000 15,000 20,000

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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Question 3 The following information should be used to according to the provisions of GAAP (Statement of Cas flows) and using the following data. Net income Provision for bad debts Increase in inventory Increase in accounts payable Purchase of new equipment Sale of equipment for $10,000 gain Depreciation expense Repurchase of common stock Payment of dividend Interest payment $50,000 2,000 1,000 2,000 15,000 20,000 5,000 10,000 4,000 3,000 Required a) What is net cash flow from operations?, investing?, financing? Please show your work b) What is change in cash? Please show your work
Transcribed Image Text:Question 3 The following information should be used to according to the provisions of GAAP (Statement of Cas flows) and using the following data. Net income Provision for bad debts Increase in inventory Increase in accounts payable Purchase of new equipment Sale of equipment for $10,000 gain Depreciation expense Repurchase of common stock Payment of dividend Interest payment $50,000 2,000 1,000 2,000 15,000 20,000 5,000 10,000 4,000 3,000 Required a) What is net cash flow from operations?, investing?, financing? Please show your work b) What is change in cash? Please show your work
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