Trevar Corporation had the following information for 2021 Increase in wages payable Declared and paid a cash dividend Increase in accounts receivable Decrease in inventory Net income for the year Depreciation expense Purchased equipment What is the net cash provided/used by operating activities? O $105,000 provided O $385,000 used O $385,000 provided 120,000 20,000 175,000 50,000 280,000 110,000 75,000

Trevar Corporation had the following information for 2021 Increase in wages payable Declared and paid a cash dividend Increase in accounts receivable Decrease in inventory Net income for the year Depreciation expense Purchased equipment What is the net cash provided/used by operating activities? O $105,000 provided O $385,000 used O $385,000 provided 120,000 20,000 175,000 50,000 280,000 110,000 75,000

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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Smith Enterprises reports the following information: Net income Depreciation expense Increase in accounts payable Increase in accounts receivable $5240000 O $5790640. O $4063360. O $6416640. O $5240000. 712640 151000 313000 Smith should report cash provided by operating activities of
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