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The data given below are from the accounting records of the Kuhn Corporation: Net Income (accrual basis) $ 60,000 Depreciation Expense $ 16,500 Decrease in
The data given below are from the accounting records of the Kuhn Corporation:
Net Income (accrual basis) | $ | 60,000 |
Depreciation Expense | $ | 16,500 |
Decrease in Accounts Payable | $ | 3,250 |
Decrease in Inventory | $ | 3,750 |
Increase in Bonds Payable | $ | 17,500 |
Sale of Common Stock for cash | $ | 31,500 |
Increase in Accounts Receivable | $ | 6,000 |
Based on this information, the net cash provided by (used in) operating activities using the indirect method would be:
Randal Corporation recorded the following activity for the year just ended:
Proceeds from sale of property | $ | 300,000 |
Cash received from customers | $ | 120,000 |
Issuance of common stock | $ | 180,000 |
Issuance of bonds payable | $ | 500,000 |
Dividends paid to stockholders | $ | 130,000 |
Purchase of equipment | $ | 400,000 |
The net cash provided by (used in) investing activities for the year was:
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