Question
A corporation reported the following information for the past year: Net Income 100,000 $ Depreciation 15,000 $ Gain on sale of truck 9,000 $ Proceeds
A corporation reported the following information for the past year:
Net Income 100,000 $
Depreciation 15,000 $
Gain on sale of truck 9,000 $
Proceeds from sale of truck 15,000 $
Decrease in accounts receivable 20,000 $
Purchase of investments 50,000 $
1) Assuming these are the only facts, what amount will the corporation report as Net Cash Provided (Used) by Operating Activities on the statement of cash flows? Show format 2) Using the information in Question #36, what amount will the corporation report as Cash Provided (Used) by Investing Activities on the statement of cash flows? Show format
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