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Home Q & A Board Other Fields Homework Help Business Accounting
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florida1014 florida1014
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A month ago
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
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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bruce2710bruce2710
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A month ago
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$30,000

$18,000 + $5,000 + $3,000 + $6,000 - $2,000 = $30,000
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