Duolever reported net income of $ 83,000 for 2020. Included in the income statement were depreciation expense of $ 5,000 and a gain on disposal of plant assets of $ 2,000. The firm's comparative balance sheets show the following balances. 12/31/19 Accounts Receivable 13,000 5,000 12/31/20 Accounts Payable 17,000 2,700 Calculate the net cash provided by operating activities for Duolever. a. $75.700 b. $77,700 C. $79,700 d. $81,700 e. $86,700
Duolever reported net income of $ 83,000 for 2020. Included in the income statement were depreciation expense of $ 5,000 and a gain on disposal of plant assets of $ 2,000. The firm's comparative balance sheets show the following balances. 12/31/19 Accounts Receivable 13,000 5,000 12/31/20 Accounts Payable 17,000 2,700 Calculate the net cash provided by operating activities for Duolever. a. $75.700 b. $77,700 C. $79,700 d. $81,700 e. $86,700
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 5RE: In the current year, Harrisburg Corporation had net income of 35,000, a 9,000 decrease in accounts...
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