Windsor Beverage Company reported the following items in the most recent year. Net income $46, 800 Dividends paid 5, 740 Increase in accounts receivable 10, 120 Increase in accounts payable 7, 130 Purchase of equipment (capital expenditure) 8,880 Depreciation expense 4, 130 Issue of notes payable 23,040 Compute net cash provided by operating activities, the net change in cash during the year. (Show amounts that decrease cash flow with either a sign e.g. - 15,000 or in parenthesis e.g. (15,000).)
Windsor Beverage Company reported the following items in the most recent year. Net income $46, 800 Dividends paid 5, 740 Increase in accounts receivable 10, 120 Increase in accounts payable 7, 130 Purchase of equipment (capital expenditure) 8,880 Depreciation expense 4, 130 Issue of notes payable 23,040 Compute net cash provided by operating activities, the net change in cash during the year. (Show amounts that decrease cash flow with either a sign e.g. - 15,000 or in parenthesis e.g. (15,000).)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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