1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mamont248 [21]
3 years ago
8

During 2020 the DLD Company had a net income of $85,000. In addition, selected accounts showed the following changes: Accounts R

eceivable $3,000 increase Accounts Payable 1,000 increase Buildings 4,000 decrease Depreciation Expense 1,500 increase Bonds Payable 8,000 increase What was the amount of cash provided by operating activities?
Business
1 answer:
zmey [24]3 years ago
5 0

Answer:

$84,500

Explanation:

Data provided as per the question

Net income = $85,000

Depreciation expenses = $1,500

Accounts receivables = $3,000

Increase in accounts payable = $1,000

The computation of amount of cash provided by operating activities is given below:-

Amount of cash provided by operating activities = Net Income + Depreciation expenses - Accounts receivables + Increase in accounts payable

= $85,000 + $1,500 - $3,000 + $1,000

= $84,500

Therefore, for computing the Amount of cash provided by operating activities we simply applied the above formula.

You might be interested in
Which trade bloc was created to encourage free trade and economiccooperation between Canada, Mexico, and the United States?
Vsevolod [243]

Answer:

B. NAFTA

Explanation:

North American Free Trade Agreement (NAFTA) is a regional agreement between the Government of Canada, the Government of the United Mexican States, and the Government of the United States of America that created a free trade zone.

NAFTA administers the mechanisms stipulated in the Treaty to resolve commercial disputes between national industries or the governments of the party countries in a timely and impartial manner.

8 0
3 years ago
Read 2 more answers
Are the Hopkins eligible to claim the earned income credit?
inn [45]

Answer:

yes

Explanation:

8 0
3 years ago
The current ratio includes at the of the following except :
Umnica [9.8K]

Answer: B i believe

Explanation:

7 0
3 years ago
Read 2 more answers
A leftward shift in the long-run aggregate supply curve is most likely going to cause which of the following?
denpristay [2]
I whould say A have a bless day
5 0
3 years ago
A local pet supplies boutique had a good year with rising revenues and reduced operating costs resulting in personal income for
Delvig [45]

Answer:

C. discretionary income

Explanation:

3 0
3 years ago
Other questions:
  • Delaney company is considering replacing equipment which originally cost $600,000 and which has $420,000 accumulated depreciatio
    5·1 answer
  • By the early 1990s, the world was spending how many dollars a year on war?
    7·1 answer
  • Whenever Jane is successful she takes full credit for her success, but whenever she is unsuccessful she attributes her failure t
    15·1 answer
  • Use the following information for Shafer Company to compute inventory turnover for year 2.
    15·1 answer
  • Ryan believes he is responsible for his actions, and he will conduct extensive searches before making a purchase. Michael's favo
    12·1 answer
  • Both IFRS and U.S. GAAP allow deferred taxes to be: presented as noncurrent on the balance sheet. measured using a substantially
    11·1 answer
  • What are the resources og microeconomics?
    15·2 answers
  • Cameron visits a sporting goods store to buy a new set of golf clubs. He is willing to pay $750 for the clubs but buys them on s
    5·1 answer
  • A town passes a zoning ordinance preserving the architectural style of an area and requiring plantings in the parking strips. Th
    5·1 answer
  • A homeowner from State A hired a contractor from State B to build a vacation home for her in State C. The parties signe
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!