Question
A corporation reported the following information for the past year: Net income $200,000 Depreciation expense $30,000 Gain on sale of truck $5,000 Proceeds from sale
A corporation reported the following information for the past year:
Net income $200,000
Depreciation expense $30,000
Gain on sale of truck $5,000
Proceeds from sale on truck $8,000
Decrease in accounts receivable $10,000
Assuming these are the only facts, what amount will the corporation report as the Cash Provided by Operating Activities on the cash flow statement?
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College Accounting A Practical Approach
Authors: Jeffrey Slater
12th edition
978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233
