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Using the information in the file above, what is Net cash provided by Operating Activities (CFO)? A. 170,000 B. -170,000 C. 36,000 D. -36,000 E.
Using the information in the file above, what is Net cash provided by Operating Activities (CFO)?
A. 170,000
B. -170,000
C. 36,000
D. -36,000
E. 113,000
F. -113,000
Using the information in the file above, what is Net cash provided by Investing Activities (CFI)?
A. 36,000
B. -36,000
C. 113,000
D. -113,000
E. 170,000
F. -170,000
Using the information in the file above, what is Net cash provided by Financing Activities (CFF)?
A. 170,000
B. -170,000
C. 36,000
D. -36,000
E. 113,000
F. -113,000
Income Statement For Year Ended December 31, 2018 $728,000 Sales. Cost of goods sold Wages expense Advertising expense. Depreciation expense. Interest expense. Gain on sale of land $534,000 190,000 31,000 22,000 18,000 (25,000) 770,000 $ (42,000) Net loss.. Balance Sheets Dec. 31, 2018 Dec. 31, 2017 Assets Cash.. Accounts receivable Inventory. Prepaid advertising. Plant assets Accumulated depreciation Total assets $ 49,000 42,000 107,000 10,000 360,000 (78,000) $490,000 $ 28,000 50,000 113,000 13,000 222,000 (56,000) $370,000 $ 31,000 Liabilities and Stockholders' Equity Accounts payable. Interest payable Bonds payable Common stock Retained earnings Treasury stock Total liabilities and equity $ 17,000 6,000 200,000 245,000 52,000 (30,000) $490,000 245,000 94,000 $370,000 Additional Notes: During 2018, Arctic sold land for $70,000 cash that had originally cost $45,000. Arctic also pur- chased equipment for cash, acquired treasury stock for cash, and issued bonds payable for cash in 2018. Accounts payable relate to merchandise purchasesStep by Step Solution
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