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Monroe's Industries reported net income of $18,000 and paid cash dividends of $2,000. Changes in ...

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Monroe's Industries reported net income of $18,000 and paid cash dividends of $2,000. Changes in ...

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)
Inventory	5,000
Property, plant and equipment	25,000
Accumulated depreciation	5,000
Depreciation expense	3,000
Accounts payable	6,000
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

Textbook

Managerial Accounting

Edition: 4^th

Author: Davis

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