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Category > Management Posted 23 Dec 2017 My Price 10.00

What is the net cash provided by operating activities

 

I have two problems on an assignment that I need help with.

A company's inventory account increased $26,500 and its accounts payable account decreased $18,250 during the year. The accounts payable relates only to the acquisition of inventory. Sales were $789,500 and cost of goods sold was $532,700. What was the amount of payments to suppliers of inventory? A. $550,950 B. $577,450 C. $540,950 D. $834,250 The following data relate to Sorrentino Corporation for last year: Operating income $250,000 Net increase in all current assets except cash $45,000 Net decrease in current liabilities $30,000 Gain on sale of investments $8,000 Cash dividends paid on common stock $35,000 Depreciation expense $10,000 What is the net cash provided by operating activities for last year on the statement of cash flows for Sorrentino Corporation? A. $130,000 B. $142,000 C. $173,000 D. $177,000
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CourseLover
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Status NEW Posted 23 Dec 2017 03:12 PM My Price 10.00

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