Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Ayayai Lawn Service Company reported a net loss of $17500 for the year ended December 31, 2025. During the year, accounts receivable decreased $32900, inventory
Ayayai Lawn Service Company reported a net loss of $17500 for the year ended December 31, 2025. During the year, accounts receivable decreased $32900, inventory increased $23300, accounts payable increased by $29300, and depreciation expense of $24200 was recorded. During 2025, operating activities provided net cash of $45600. provided net cash of $76800 used net cash of $14700. used net cash of $45600. Pharoah Marine Supply Company reported a loss of $1200 for the sale of equipment for cash. The equipment had a cost of $30800 and accumulated depreciation of $28300. How much will Pharoah report in the cash flows from investing activities section of its statement of cash flows? $1200$1300$3700$29600 Ayayai Lawn Service Company reported a net loss of $17500 for the year ended December 31, 2025. During the year, accounts receivable decreased $32900, inventory increased $23300, accounts payable increased by $29300, and depreciation expense of $24200 was recorded. During 2025, operating activities provided net cash of $45600. provided net cash of $76800 used net cash of $14700. used net cash of $45600. Pharoah Marine Supply Company reported a loss of $1200 for the sale of equipment for cash. The equipment had a cost of $30800 and accumulated depreciation of $28300. How much will Pharoah report in the cash flows from investing activities section of its statement of cash flows? $1200$1300$3700$29600
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started