Question
Please use the following table of Houston Furniture Company for answering the review questions on cash flow: Net Income $40,000 Increase in accounts payable $
Please use the following table of Houston Furniture Company for answering the review questions on cash flow:
Net Income | $40,000 | Increase in accounts payable | $ 9,000 |
Depreciation expense | $15,000 | Acquisition of equipment | $ 25,000 |
Payment of dividends | $ 1,000 | Sale of treasury stock | $ 6,000 |
Increase in accounts receivable | $ 3,000 | Payment of long-term debt | $ 13,000 |
Collection of long-term notes receivable | $ 11,000 | Proceeds from the sale of land | $ 42,000 |
Loss on sale of land | $ 10,000 | Decrease in inventories | $ 6,000 |
Under the indirect method, net cash provided by operating activities is:
Under the indirect method, net cash provided by (used for) investing activities would be
Under the indirect method, net cash provided by (used for) financing activities would be
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