Homework Answers
Answer : net cash provided by operating activities is $13,000
Explanation :
| Net income | $41000 | |
| Adjustments to reconcile the net income provided (used for) operating activities) | ||
| Depreciation | 4000 | |
| Loss on sale of land | 6000 | |
| Increase in current assets other than cash | (8000) | |
| Decrease in current liability | (30,000) | (28,000) |
| Net cash provided by(used for) operating activities | $13,000 |
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