what amount should paper report as net cash provided by operating activities in its 634234
Paper Co. had net income of $70,000 during the year. Dividend payment was $10,000. The following information is available:
|
Mortgage repayment |
$20,000 |
|
|
Available-for-sale securities purchased |
10,000 |
increase |
|
Bonds payable—issued |
50,000 |
increase |
|
Inventory |
40,000 |
increase |
|
Accounts payable |
30,000 |
decrease |
What amount should Paper report as net cash provided by operating activities in its statement of cash flows for the year?
- $0
- $10,000
- $20,000
- $30,000