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24. Using the following information that pertains to Musa's Hotel, prepare the net cash flow provided by the operating activities for the year 2020 assuming
24. Using the following information that pertains to Musa's Hotel, prepare the net cash flow provided by the operating activities for the year 2020 assuming that the net income for 2020 equals to 70,000 JD. 2020 2019 Change Assets Cash Note receivables Prepaid Expenses Building Accumulated Depreciation - Building SPA's Equipment Accumulated Depreciation - SPA's Equipment Total Assets 45.000 40,000 12,000 150,000 13,500 60.000 18.000 338,500 40,000 45,000 0 85,000 3,500 70.000 20,000 263,500 5,000 (5,000) 12,000 65,000 10,000 (10,000) (2,000) Liabilities & stockholder's equity Account Payable Note payable Salaries Payable Common Stock Retained Earning Total Liab. & Stockholder equity 40.000 50.000 30,000 150,000 68.500 838,500 35,000 30.000 20.000 150.000 28.500 263,500 5.000 20,000 10.000 0 40 000 Additional Information 1. Purchased new building for cash totaling 65000 2. SPA's equipment with a book value of 8000 JD (cost 10,000 JD less 2,000 JD accumulated depreciation)was sold for 5000 JD cash (4 Points) 134,500 JD 132.500 JD 131.500 JD 124.500 JD
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