Net income was $62,700; accounts receivable decreased by $15,750; inventory increased by $7,450; proceeds from the issuance of long-term debt were $20,500; accounts payable decreased by $5,350; equipment purchases were $67,500; depreciation and amortization expense was $27,000. (Amounts to be deducted should be indicated with a minus sign.) Calculate the net cash provided (used) by operating activities for the period.

Question

Net income was $62,700; accounts receivable decreased by $15,750; inventory increased by $7,450; proceeds from the issuance of long-term debt were $20,500; accounts payable decreased by $5,350; equipment purchases were $67,500; depreciation and amortization expense was $27,000. (Amounts to be deducted should be indicated with a minus sign.)

Calculate the net cash provided (used) by operating activities for the period.

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Accounting For Decision Making

Cash Flow Statements

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