Award: 4.02 out of 6.00 points Net income was $73,500; accounts receivable decre

Question

Award: 4.02 out of 6.00 points Net income was $73,500; accounts receivable decreased by $18,000; inventory increased by $7,600; proceeds from the issuance of long-term debt were $23,800; accounts payable decreased by $6,100; equipment purchases were $78,000; depreciation and amortization expense was $31,200. (Amounts to be d Required: Calculate the net cash provided (used) by operating activities for the period. Cash Flows from Operating Activities Net income $ 73,500 Accounts receivable decrease 18,000 Depreciation and amortization expense 31,200 Inventory increase 7,600 X Accounts payable decrease 6,100 % 32% 32°C CPU SE

Explanation / Answer

Cash flow from operating activities :

Net income 73500 Account receivable decrease 18000 Depreciation and amortization expense 31200 Inventory increase -7600 Account payable decrease -6100 Net cash flow from operating activities 109000

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