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Q2 (Statement of Cash Flows). Based on the above information, what amount will be reported as the net cash provided by operating, investing, and financing
Q2 (Statement of Cash Flows). Based on the above information, what amount will be reported as the net cash provided by operating, investing, and financing activities for the year on the statement of cash flows. Net Income = $10,000 Depreciation expense = $4,000 Decrease in accounts payable = $1,500 Increase in bonds payable = $8,000 * Sales of long-term investment = $2,000 * Purchase of plant and equipment - $7,000 * Sales of common stock for cash = $1,700 * Increase in inventory = $7,000 * Paid off bonds payable = $3,200 Decrease in accounts receivable - $6,000 Required: a) The net cash provided by operating activities would be: b) The net cash provided by investing activities would be: c) The net cash provided by financing activities would be
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