earned net income of $64,000 after deducting depreciation of $4,000 and all other expenses. Current assets decreased by $3,000​, and current

Question

earned net income of $64,000 after deducting depreciation of $4,000 and all other expenses. Current assets decreased by $3,000​, and current liabilities increased by $9,000. How much was Wedding’s

in progress 0
Julia 2 weeks 2021-10-10T20:31:34+00:00 1 Answer 0

Answers ( )

    0
    2021-10-10T20:32:40+00:00

    Answer:

    $80,000

    Step-by-step explanation:

    So this is a basic problem which involves to find the wedding’s cash provided by operating activities.

    For that, we need to add all the cash mentioned, such that:

    Wedding’s Cash provided by activities = Net Income + Depreciation + Decrease in current assets + increase in current liabilities

    Wedding’s Cash provided by activities= 64000+ 4000+ 3000+ 9000 = $80000

    Wedding’s Cash provided by activities= $80000

    (Note : This is the indirect method)

Leave an answer

Browse
Browse

27:3+15-4x7+3-1=? ( )