Question
Lambda Corporation provided the following information: Net income: $100,000 Depreciation expense: $20,000 Increase in accounts receivable: $10,000 Decrease in accounts payable: $5,000 Purchase of equipment:
Lambda Corporation provided the following information:
- Net income: $100,000
- Depreciation expense: $20,000
- Increase in accounts receivable: $10,000
- Decrease in accounts payable: $5,000
- Purchase of equipment: $50,000
- Sale of long-term investments: $30,000
Calculate the net cash provided by operating activities for Lambda Corporation.
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
0077664078, 978-0077664077, 78111048, 978-0078111044
