Marin Beverage Company reported the following items in the most
recent year.
Net income | $43,000 | |
Dividends paid | 5,650 | |
Increase in accounts receivable | 10,850 | |
Increase in accounts payable | 7,220 | |
Purchase of equipment (capital expenditure) | 8,930 | |
Depreciation expense | 4,220 | |
Issue of notes payable | 24,120 |
Compute net cash provided by operating activities, the net change
in cash during the year. (Show amounts that decrease
cash flow with either a - sign e.g. -15,000 or in parenthesis e.g.
(15,000).)
MARINE BEVERAGE COMPANY |
||
Statement of Cash Flows |
||
Amount ($) |
||
Cash flows from operating activities; |
||
Net Income |
43,000 |
|
Adjustments to reconcile net income to Net cash provided by operating activities |
||
Depreciation Expenses |
4,220 |
|
Increase in Accounts Receivables |
-10,850 |
|
Increase in Accounts payable |
7,220 |
590 |
Net cash provided by operating activities |
43,590 |
|
Cash flows from investing activities: |
||
Purchase of Equipment |
-8,930 |
|
Net cash used by investing activities |
-8,930 |
|
Cash flows from financing activities: |
||
Issue of Note Payable |
24,120 |
|
Dividends paid |
-5,650 |
|
Net cash Provided by financing activities |
18,470 |
|
Net Increase in cash |
53,130 |
|
(1)-Net cash provided by operating activities = $43,590
(2)-Net change in cash during the year (Net Increase in cash) = $53,130
Marin Beverage Company reported the following items in the most recent year. Net income $43,000 Dividends...
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