Answered

Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Discover a wealth of knowledge from experts across different disciplines on our comprehensive Q&A platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

Decrease in accounts receivable $ 33,000 Increase in accounts payable $ 20,000 Increase in retained earnings $ 110,000 Cash paid for purchase of new music equipment $ 29,000 Depreciation expense $ 6,800 Klutz uses the indirect method to prepare its statement of cash flows. What is Klutz's net cash provided by (used in) operating activities

Sagot :

Tundexi

Answer:

$262,800

Explanation:

Missing word: "Klutz Dance Studio had net income of $203,000 for the year just ended. Klutz collected the following additional information to prepare its statement of cash flows for the year:"

Particulars                                                                           Amount

Net income                                                                         $203,000

Adjustments to reconcile net income to

net cash flows from operating activities  

Depreciation                                                    $6,800

Decrease in accounts receivable                   $33,000

Increase in accounts payable                         $20,000   $59,800

Net cash provided by operating activities                     $262,800

Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.