Macgregor company completed its first year of operations on December 31, 2017 it

Question

Macgregor company completed its first year of operations on December 31, 2017 it’s initial income statement show that McGregor had revenues of $197,800 and operating expenses of $85,700 accounts receivable and accounts payable at year end were $67,900 and $22,300 respectively. assume that accounts payable related to operating expenses ignore income taxes. Compute net cash provided by operating activities using the direct method. Exercise 17-10 Macgregor Company completed its first year of operations on December 31, 201 expenses of $8s,700. Accounts receivable and accounts payable at year-end we expenses. Ignore income taxes. Compute net cash provided by operating activities using the direct method. Net cash provided by operating activities

Explanation / Answer

Calculate net cash provided by operating activities

Cash flow from operating activities Cash from customer (197800-67900) 129900 Cash paid to supplier (85700-22300) -63400 Net cash provided by operating activities $66500

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