Answered

Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Get expert answers to your questions quickly and accurately from our dedicated community of professionals. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

The Robinson Company reported net income of $90,000 in 2010. Additional information follows:Depreciation expense$18,000Loss on sale of equipment 10,000 Gain on sale of land 17,000 Given just this information, what was the Robinson Company's net cash provided by operating activities in 2010

Sagot :

ayokenny2001

Answer:

$101,000

Explanation:

With regards to the above information , the net cash provided by operating activities is computed as;

Net income

$90,000

Add:

Depreciation expense

$18,000

Add:

Loss on sale of equipment

$10,000

Less:

Gain on sale of land

($17,000)

Net cash provided by operating activities

$101,000

Therefore, Robinson company's net cash provided by operating activities is 2010 is $101,000

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.