Question
The following information is available for Redcands Company: Receipts from customers $215,000 Dividends from stock investments 3,000 Proceeds from sale of equipment 18,000 Proceeds from
The following information is available for Redcands Company:
Receipts from customers $215,000
Dividends from stock investments 3,000
Proceeds from sale of equipment 18,000
Proceeds from issuance of stock 90,000
Payments for inventory 100,000
Payments for operating expenses 78,000
Interest paid 6,000
Taxes paid 4,000
Dividends paid 20,000
Based on the preceding information, compute the net cash provided by operating activities.
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Accounting Principles
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
IFRS global edition
1-119-41959-4, 470534796, 9780470534793, 9781119419594 , 978-1119419617
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