Question
A company calculated the following data for the period: Cash received fron customers $25,000 Cash received from sale of equipment 1,000 Interest paid to bank
A company calculated the following data for the period:
Cash received fron customers $25,000
Cash received from sale of equipment 1,000
Interest paid to bank on sale 3,000
Cash paid to employees 8,000
What should the company report as net cash provided by operating activities in its statement of cash flows?
(The correct answer is $14,000. Please help me explain)
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Risk Based Auditing Using ISO 19011 2018 CERM Academy Series On Enterprise Risk Management
Authors: Greg Hutchins
1st Edition
1732554501, 978-1732554504
