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PLEASE HELP 1. Bonita Company reported net income of $55000 for the year. During the year, accounts receivable decreased by $8500, accounts payable increased by
PLEASE HELP
1. Bonita Company reported net income of $55000 for the year. During the year, accounts receivable decreased by $8500, accounts payable increased by $4100 and depreciation expense of $5300 was recorded. Using the indirect method, net cash provided by operating activities for the year is $49700. $54100 In Crane Company, land decreased $140000 because of a cash sale for $140000, the equipment account increased $50000 as a result of a cash purchase, and Bonds Payable increased $110000 from issuance of bonds for cash at face value. The net cash provided by investing activities is O $42400. O $72900. $140000. O $250000. $90000. O $190000. Swifty's Organic Product had the following transactions during 2022: 1. Issued $55000 of common stock at par for cash. 2. Repaid a 6 year note payable in the amount of $24000. 3. Acquired land by issuing common stock at par for $55000. 4. Declared and paid a cash dividend of $7500. 5. Sold a long-term investment (cost $2800) for cash of $5600. 6. Acquired an investment in IBM stock for cash of $9900. What is the net cash provided by financing activities? $31000 $72400 $0 $23500Step by Step Solution
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