marble co. prepared its statement of cash flows using the following amounts net decrease in fixed assets $(3,750) depreciation expense 13,000 gain on sale of equipment, (net book value, $3,250) 1,250 capital expenditures 12,500 marble reported net income of $20,000 at year end. what amount should marble report as net cash provided by operating activities?

Question

13-09-2022
Business

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marble co. prepared its statement of cash flows using the following amounts net decrease in fixed assets $(3,750) depreciation expense 13,000 gain on sale of equipment, (net book value, $3,250) 1,250 capital expenditures 12,500 marble reported net income of $20,000 at year end. what amount should marble report as net cash provided by operating activities?

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tutorconsortium31 tutorconsortium31 · Answer 1 · 2022-09-15T12:41:16-04:00

Choice "C" is correct. The company adjusts the net income of $280 000 by adding cack the deprecianon expense of $13.000 Depreciation expense it a noncath expense that reduces net income. The company also adjusts, net income by subtracting the gain of $1,750. Gains increase net income Because this gam is accounted for in the cash introw from the sale of equipment that is reponed in cash flows from investing activities), it is aqusted out of the operating activities section by subtracting it

What is net cash flow ?

Net cash flow refers to either the gain or loss of funds over a period (after all debts have been paid). When a business has a surplus of cash after paying all its operating costs, it is said to have a positive cash flow

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