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grin007 [14]
3 years ago
6

During 2020 the Pharoah Company had a net income of $85100. In addition, selected accounts showed the following changes: Account

s Receivable $2700 increase Accounts Payable 900 increase Buildings 3900 decrease Depreciation Expense 1400 increase Bonds Payable 7900 increase What was the amount of cash provided by operating activities
Business
1 answer:
PSYCHO15rus [73]3 years ago
3 0

Answer:

Cash provided by operating activities $84,700

Explanation:

The computation of the amount of cash provided by operating activities is shown below:

Net income  $85,100

Add: depreciation expense $1,400

Less: increase in account receivable -$2,700

Add: Increase in account payable $900

Cash provided by operating activities $84,700

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