Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Wildhorse Golt Company Statement of Cash Flows Year ended June 30,2020 Cash Flows from Operating Actlvitles Netincome $3,155,958 Additions (sources of cash) Depreclation 212,421 begin{tabular}{|lrr|}
Wildhorse Golt Company Statement of Cash Flows Year ended June 30,2020 Cash Flows from Operating Actlvitles Netincome $3,155,958 Additions (sources of cash) Depreclation 212,421 \begin{tabular}{|lrr|} \hline Decrease In Accounts Recelvable & \\ \hline Increase in Accounts Payable & & 58,618 \\ \hline Increase in Accrued income Taxes & \\ \hline \end{tabular} Subtractions (uses of cash) Increase in Other Current Assets {11,394} Increase in Imventorles (71,134) Net Cash provided by Operating Activitles 5 3,395,121 Cash Flows from Investing Actlvities Increase in Plant and Equlpment $(321,931) Decrease In Goodwill and Other Assets 30,475 Net Cash used in investing Actlvites $ (291,456) Net Cash used in irvesting Actlvleles. $(291,456) Cash Flows trom Financing Actlvitles Increase ln Notes Payable 56,680 Decrease in Long-term Debt (113,589) Payment of Cash Dlvidends [2,966,467] Purchase of Treasury Stock (13,444) Net Cash used in Finanilig Actlvites 5 (3,086,820) Effect of Ewchange Rates on Cash 5 0 Net Increase in Cash and Marketable Securltles 16,845 Cash and Marketable Securltles at Beglnntng of Year 16,676 Cash and Marketable Securleles at End of Year Calculate the net cash provided by operating activities for the statement of cash flows. Net cash provided by operating activities
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started