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Brief Exercise 5-12 Tamarisk Beverage Company reported the following items in the most recent year. Net income Dividends paid Increase in accounts receivable Increase in
Brief Exercise 5-12 Tamarisk Beverage Company reported the following items in the most recent year. Net income Dividends paid Increase in accounts receivable Increase in accounts payable Purchase of equipment (capital expenditure) Depreciation expense Issue of notes payable $40,800 5,760 13,850 8,860 9,110 5,860 24,860 Compute net cash provided by operating activities, the net change in cash during the year. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) TAMARISK BEVERAGE COMPANY Statement of Cash Flows Adjustments to reconcile net income to Compute free cash flow. Free Cash Flow $ LINK TO TEXT
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