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3 years ago

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

Business

1 answer:

sladkih [1.3K]3 years ago

3 0

Answer:

Net cash provided by operating activities = $49,730

Net change in cash during the year = $56,750

Explanation:

CASH FLOWS FROM OPERATING ACTIVITIES $

Net Income 43,490

Adjustments to reconcile net income to

net cash provided by operating activities:

Depreciation on Fixed Assets 7,970

(Increase) Decrease in Current Assets:

Accounts Receivables (10,700)

Increase (Decrease) in Current Liabilities:

Accounts Payable 8,970

NET CASH PROVIDED BY OPERATING ACTIVITIES 49,730

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of Equipment (9,000)

NET CASH USED IN INVESTING ACTIVITIES (9,000)

CASH FLOWS FROM FINANCING ACTIVITIES

Payment of Cash Dividends (5,480)

Issue of notes payable 21,500

NET CASH PROVIDED (USED) IN FINANCING ACTIVITIES 16,020

NET INCREASE (DECREASE) IN CASH 56,750

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The correct answer is D.

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