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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
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 $310,000 used 120,000 20,000 175,000 50,000 280,000 110,000 75,000
Transcribed Image Text: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 $310,000 used 120,000 20,000 175,000 50,000 280,000 110,000 75,000
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