Your answer is partially correct. Try again. Cullumber Beverage Company reported the following items in the most recent year.Net income $48,300Dividends paid 6,320Increase in accounts receivable 11,860Increase in accounts payable 7,470Purchase of equipment (capital expenditure) 8,710Depreciation expense 4,470Issue of notes payable 22,850Compute net cash provided by operating activities, the net change in cash during the year. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Compute the net cash provided by operating activities: Net income $48,300 Add: Depreciation…

Answered: Cullumber Beverage Company reported the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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	Your answer is partially correct. Try again.

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

Net income		$48,300
Dividends paid		6,320
Increase in accounts receivable		11,860
Increase in accounts payable		7,470
Purchase of equipment (capital expenditure)		8,710
Depreciation expense		4,470
Issue of notes payable		22,850

Compute net cash provided by operating activities, the net change in cash during the year. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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