Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hi, I need help calculating the Net Cash provided by Operating Activity Value ? I am not sure How to do it and I am
Hi, I need help calculating the Net Cash provided by Operating Activity Value? I am not sure How to do it and I am on my last attempt for an open help HW assignment. If you can show a step by step process of how to get this number so I can learn that would help! I will like ur answers!
Question 1 of 1 Question 1 of 1 4.86/10 Additional data: 1. Dividends declared and paid were $20,800. 2. During the year, equipment was sold for $9,800 cash. This equipment cost $17,400 originally and had a book value of $9,800 at the time of sale. 3. All depreciation expense, $14,400, is in the operating expenses. 4. All sales and purchases are on account. Question 1 of 1 4.86/10 Kingbird, Inc. Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income $29500 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $ Increase in Accounts Receivable 13000 Increase in Inventory 10500 Increase in Accounts Payable 11100 Decrease in Income Taxes Payable 1100 Net Cash Provided by Operating ActivitiesStep 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