Question
UVW Industries reported the following cash flow from operating activities for the year ended December 31, 2023: Net Income: $50,000 Depreciation Expense: $10,000 Increase in
UVW Industries reported the following cash flow from operating activities for the year ended December 31, 2023:
- Net Income: $50,000
- Depreciation Expense: $10,000
- Increase in Accounts Receivable: $5,000
- Decrease in Inventory: $3,000
- Increase in Accounts Payable: $2,000
Calculate UVW Industries' net cash provided by operating activities.
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Principles of Accounting
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
12th edition
978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985
