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The net income for the year ended on May 31, 2020 for SC Corporation was $116,000. Additional data for the year is provided below.
The net income for the year ended on May 31, 2020 for SC Corporation was $116,000. Additional data for the year is provided below. Loss on retirement of debt Purchase of property, plant & equipment $13,600 $265,000 Depreciation of property, plant & equipment $14,400 Dividends declared Decrease in office supplies Loss on sale of equipment Issue of common shares $49,000 $28,000 $20,000 $11,800 Calculate the increase or decrease in cash from operating activities. 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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