During 2020 the GY Company had a net income of $100,000. In addition, selected accounts showed...
During 2020 the GY Company had a net income of $100,000. In
addition, selected accounts showed the following changes:
Inventory $4,000 decrease
Accounts payable $3,000 increase
Buildings $40,000 increase
Gain on disposal of equipment $1,000
Bonds payable $8,000 increase
What was the amount of cash provided by operating activities?
Select one:
a. 92,000
b. 108,000
c. 94,000
d. 106,000
please explain how to solve this problem. thank you
Homework Answers
| Cash flow from operating activities | |
| Net income | 100000 |
| Inventory decrease | 4000 |
| Account payable increase | 3000 |
| Gain on disposal of equipment | -1000 |
| Net cash flow from operating activities | 106000 |
So answer is d) $106000
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