The net income for the year ended on November 30, 2020 for RC Corporation was $111,000....
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The net income for the year ended on November 30, 2020 for RC Corporation was $111,000. Additional data for the year is provided below. Loss on retirement of debt Purchase of property, plant & equipment $12,600 $297,000 Depreciation of property, plant & equipment $13,700 Dividends declared Decrease in inventory Loss on sale of equipment Issue of common shares $51,000 $30,000 $19,000 $14,300 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 = $ The net income for the year ended on November 30, 2020 for RC Corporation was $111,000. Additional data for the year is provided below. Loss on retirement of debt Purchase of property, plant & equipment $12,600 $297,000 Depreciation of property, plant & equipment $13,700 Dividends declared Decrease in inventory Loss on sale of equipment Issue of common shares $51,000 $30,000 $19,000 $14,300 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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