uring 2017 the Crane Company had a net income of $84800. In addition, selected accounts showed...
uring 2017 the Crane Company had a net income of $84800. In
addition, selected accounts showed the following changes:
| Accounts Receivable | $3300 increase | ||
| Accounts Payable | 900 increase | ||
| Buildings | 4100 decrease | ||
| Depreciation Expense | 1400 increase | ||
| Bonds Payable | 8500 increase |
What was the amount of cash provided by operating activities?
Homework Answers
Statement of cash flows (partial)
| Net income | 84,800 |
| Adjustments: | |
| Depreciation | 1,400 |
| Accounts receivable | - 3,300 |
| Accounts payable | 900 |
| Net cash provided by operating activities | 83,800 |
Net cash provided by operating activities = $83,800
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