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Home Q & A Board Other Fields Homework Help Business Accounting
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zer0latency zer0latency
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A year ago
Michael's Industries reported net income of $10,000 and paid cash dividends of $2,000. Changes in balance sheet accounts for the year were as follows:


​​Increase (Decrease)
Accounts receivable($5,000)
Inventory3,000  
Property, plant and equipment15,000  
Accumulated depreciation3,000  
Depreciation expense1,000  
Accounts payable6,000  
Accrued liabilities(2,000)

What is the amount of net cash provided by operations?

▸ $17,000

▸ $14,000

▸ $30,000

▸ $1,000
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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anikamazumderanikamazumder
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A year ago
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zer0latency Author
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A year ago
Thanks
GeorgeNeist
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this is exactly what I needed
TAT1238
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Brilliant ツ
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