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Please use the following table of Austin Motor Company for answering the questions on cash flow: Net Income Depreciation expense Payment of dividends Collection of
Please use the following table of Austin Motor Company for answering the questions on cash flow: Net Income Depreciation expense Payment of dividends Collection of long- term notes receivable Increase in accounts $3,000 receivable O $94,000 $40,000 $97,000 $15,000 Loss on sale of land $10,000 $77,000 $1,000 $71,000 $11,000 Increase in accounts $9,000 payable Acquisition of equipment Sale of treasury stock Payment of long- term debt Proceeds from the sale of land Decrease in inventories $25,000 $6,000 Under the indirect method, net cash provided by operating activities is: $13,000 $42,000 $6,000
Please use the following table of Austin Motor Company for answering the questions on cash flow: Net Income $40,000 Increase in accounts $9,000 payable Depreciation $15,000 Acquisition of $25,000 expense equipment Payment of $1,000 Sale of treasury $6,000 dividends stock Increase in accounts $3,000 receivable Payment of long- $13,000 term debt Collection of long- $11,000 term notes receivable Proceeds from the $42,000 sale of land Loss on sale of land $10,000 Decrease in $6,000 inventories Under the indirect method, net cash provided by operating activities is: $94,000 $97,000 $77,000 $71,000
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