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Other Fields Homework Help Accounting Topic started by: florida1014 on Feb 5, 2023



Title: Monroe's Industries reported net income of $18,000 and paid cash dividends of $2,000. Changes in ...
Post by: florida1014 on Feb 5, 2023
Monroe's Industries reported net income of $18,000 and paid cash dividends of $2,000. Changes in balance sheet accounts for the year were as follows:

Increase (Decrease)
Accounts receivable($5,000)
Inventory5,000
Property, plant and equipment25,000
Accumulated depreciation5,000
Depreciation expense3,000
Accounts payable6,000
Accrued liabilities(2,000)

Based on the above information, what is the amount of net cash provided by operations?

▸ $15,000

▸ $1,000

▸ $30,000

▸ $21,000


Title: Monroe's Industries reported net income of $18,000 and paid cash dividends of $2,000. Changes in ...
Post by: bruce2710 on Feb 5, 2023
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