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Additional data: 1. Equipment that cost $10,000 and was 60% depreciated was sold in 2020 . 2. Cash dividends were declared and paid during the
Additional data: 1. Equipment that cost $10,000 and was 60% depreciated was sold in 2020 . 2. Cash dividends were declared and paid during the year. 3. Common stock was issued in exchange for land. 4. Investments that cost $34,900 were sold during the year. 5. There were no write-offs of uncollectible accounts during the year. a) Compute net cash provided by operating activities under the direct method. (Enter negative amounts using either a negative sign receding the number e.g. -45 or parentheses e.g. (45).) Net cash flow from operating activities $ 5,000 or Additional data: 1. Equipment that cost $10,000 and was 60% depreciated was sold in 2020 . 2. Cash dividends were declared and paid during the year. 3. Common stock was issued in exchange for land. 4. Investments that cost $34,900 were sold during the year. 5. There were no write-offs of uncollectible accounts during the year. a) Compute net cash provided by operating activities under the direct method. (Enter negative amounts using either a negative sign receding the number e.g. -45 or parentheses e.g. (45).) Net cash flow from operating activities $ 5,000 or
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