From the following data for Vargas Company, determine the net cash flow provided (used) by operating activities. Net income 50,000 Depreciation for the year 35,000 Dividends declared during the year 30,000 Beginning End of Year of Year Cash and cash equivalents 35,000 42,000 Accounts receivable 25,000 27,000 Inventory 83,000 80,000 Prepaid expenses 7,000 8,000 Accounts payable 28,000 22,000 Accrued liabilities 7,000 2,000 Dividends payable 23,000 25,000

From the following data for Vargas Company, determine the net cash flow provided (used) by operating activities. Net income 50,000 Depreciation for the year 35,000 Dividends declared during the year 30,000 Beginning End of Year of Year Cash and cash equivalents 35,000 42,000 Accounts receivable 25,000 27,000 Inventory 83,000 80,000 Prepaid expenses 7,000 8,000 Accounts payable 28,000 22,000 Accrued liabilities 7,000 2,000 Dividends payable 23,000 25,000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 6EA: Use the following information from Birch Companys balance sheets to determine net cash flows from...

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