Question
TC Hotel's net income for the year ended September 30, 2020 was $145,000. Additional data for the year is provided below. Purchase of property
TC Hotel's net income for the year ended September 30, 2020 was $145,000. Additional data for the year is provided below. Purchase of property and equipment $297,000 Depreciation of property and equipment $18,800 Dividends declared Decrease in accounts receivable Loss on sale of equipment $60,000 $28,000 $16,000 $18,800 Issue of common shares Calculate the net cash provided (used) by operating activities using the indirect method. Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash. Increase or decrease in cash from operating activities = $
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