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The data given below are from the accounting records of the Kuhn Corporation: Net Income (accrual basis) Depreciation Expense Decrease in Accounts Payable Decrease in
The data given below are from the accounting records of the Kuhn Corporation: Net Income (accrual basis) Depreciation Expense Decrease in Accounts Payable Decrease in Inventory Increase in Bonds Payable Sale of Common Stock for cash Increase in Accounts Receivable $55,000 $14,000 $ 3,000 $ 3,500 $15,000 $31,000 $ 5,500 Based on this information, the net cash provided by (used in) operating activities Multiple Choice $70,000 O $73.500 O $64.000 0 $79.000
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