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Freeman Company's accounting records include the following information: Payments to suppliers $ 47,000 Collections on accounts receivable 99,000 Cash sales 26,000 Income taxes paid 4,400 Equipment purchased
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16 votes
16 votes
Freeman Company's accounting records include the following information: Payments to suppliers $ 47,000 Collections on accounts receivable 99,000 Cash sales 26,000 Income taxes paid 4,400 Equipment purchased 14,900 What is the amount of net cash provided by operating activities indicated by these transactions?

User Jemolah
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1 Answer

10 votes
10 votes

Answer:

$73,600

Step-by-step explanation:

Cash flow from Operating Activity

Cash sales $26,000

Collections on accounts receivable $99,000

Payments to suppliers ($47,000)

Cash generated from operations $78,000

Income taxes paid ($4,400)

Net cash provided by operating activities $73,600

therefore,

the amount of net cash provided by operating activities indicated by these transactions is $73,600

User Met
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