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Bizhelp, Accountant
Category: Business and Finance Homework
Satisfied Customers: 5884
Experience:  BA degree and Certified Public Accountant
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Company net income last year was $37,000. The company paid

Customer Question

Company net income last year was $37,000. The company paid a cash dividend of $2000 and did not sell or retire any property, plant and equipment last year. Changes in selected balance sheet accounts for the year appear below:
Asset & Contra Assets Increase/Decrease
Acct Receivable $6000
Inventory 5000
Prepaid Expense (3000)
Long Term Investment 20,000
Accumulated Depreciation 26,000
Liab Accts
Account Payable (7000)
Income Taxes Payable 8,000

Based solely on this information, the net cash provided by operating activities under the indirect method on the Statement of Cash Flows would be?
Submitted: 5 years ago.
Category: Business and Finance Homework
Expert:  Bizhelp replied 5 years ago.

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