Question
9. The following information relates to the Maxwell Company for 2016: Gain on sale of land $ 800 Bond payable premium amortization 300 Decrease in
9. The following information relates to the Maxwell Company for 2016:
Gain on sale of land $ 800
Bond payable premium amortization 300
Decrease in accounts payable 700
Increase in prepaid expenses 100
Net income 9,400
Purchased equipment 15,000
Increase in salaries payable 400
Proceeds from sale of land 7,000
Decrease in inventories 2,100
Payment of dividends 1,600
Depreciation expense 1,000
Required: Compute net cash provided by operating activities for the Maxwell Company for 2016.
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Plant Auditing A Powerful Tool For Improving Metallurgical Plant Performance
Authors: Deepak Malhotra
1st Edition
0873354125, 978-0873354127
