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For the year ended December 31, 20X2, a company had cash collections from customers of $49,000, cash paid to employees of $9,000, cash used to
For the year ended December 31, 20X2, a company had cash collections from customers of $49,000, cash paid to employees of $9,000, cash used to retire long-term bonds of $7,000, and cash payments for dividends of $1,000. Cash provided by operating activities for 20X2 is a. $34,000. b. $35,000. c. $40,000. d. $43,000. The primary purpose of the statement of cash flows is to provide information a. about a company's cash receipts and cash payments during an accounting period. b. about a company's investing and financing activities during an accounting period. c. regarding a company's financial position at the end of an accounting period. d. regarding the operating activities for a period of time. The records of Williams Corporation showed a net loss of $9,000, depreciation expense of $15,000; and an increase in accounts receivable of $12,000. The amount of cash provided by (used in) operating activities, assuming no other charges in accounts, is a. $(4,000). b. $(6,000). c. $5,000. d. $11,000
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