Marigold Corporation reported net income of $49,400 in 2020. Depreciation expense was $16,700. The following working capital accounts changed. Accounts receivable $11,500 increase Available-for-sale debt securities 17,000 increase Inventory 8,000 increase Nontrade note payable 15,600 decrease Accounts payable 11,500 increase Compute net cash provided by operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Marigold Corporation Statement of Cash Flows (Partial) $ Adjustments to reconcile net income to $

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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Marigold Corporation reported net income of $49,400 in 2020. Depreciation expense was $16,700. The following working capital accounts changed.

Accounts receivable	$11,500	increase
Available-for-sale debt securities	17,000	increase
Inventory	8,000	increase
Nontrade note payable	15,600	decrease
Accounts payable	11,500	increase

Compute net cash provided by operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Marigold Corporation Statement of Cash Flows (Partial)

		$
Adjustments to reconcile net income to






		$

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