Mavis Company's net income was $45, 000 in 2020. Mavis reported an increase in accounts payable of $ 6,000, an increase in Inventory of $2,000, depreciation expense of $3,000, and payment for purchase of equipment of $8,000. What was Mavis's net cash provided (used) by investing activities? a. $52,000 provided b. $8,000 used c. $15,000 used d. $8,000 provided What was Mavis's net cash provided (used) by financing activities? a. $60,000 provided b. $ 60,000 used c. $10,000 provided d. $50,000 provided

Mavis Company's net income was $45, 000 in 2020. Mavis reported an increase in accounts payable of $ 6,000, an increase in Inventory of $2,000, depreciation expense of $3,000, and payment for purchase of equipment of $8,000. What was Mavis's net cash provided (used) by investing activities? a. $52,000 provided b. $8,000 used c. $15,000 used d. $8,000 provided What was Mavis's net cash provided (used) by financing activities? a. $60,000 provided b. $ 60,000 used c. $10,000 provided d. $50,000 provided

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter16: Mastering Financial Management

Section: Chapter Questions

Problem 3DQ

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