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artcher [175]
4 years ago
9

Keyser Beverage Company reported the following items in the most recent year.

Business
1 answer:
Anon25 [30]4 years ago
7 0

Answer and Explanation:

The computation of net cash provided by operating activities is shown below:-

                       Keyser Beverage Company

                         Statement of Cash Flows

Particulars                                                                 Amount

Cash Flow from Operating Activities:  

Net Income                                                            $44,500

Adjustments to reconcile net income

Depreciation                                   $6,890.00  

Increase in Accounts receivable -$11,290  

Increase in Accounts payable        7,890             $3,490

Net Cash Flow From Operating Activities a      $47,990

Cash Flow from Investing Activities

Purchase of Equipment                  -$9,400

Net Cash Flow From Investing Activities b          -$9,400

Cash Flow from Financing Activities

Issue of note payable                $24,960  

Dividend paid                              -$6,220

Net Cash Flow From Financing Activities c       $18,740

Net Change in Cash (a + b + c)                            $57,330

Free Cash flow = Net cash provided by operating activities - Purchase of equipment - Dividend paid

= $47,990 - $9,400 - $6,220

= $32,370

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Explanation:

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