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Net income was 44700 accounts receivable decreased by 12000

Net income was $44,700; accounts receivable decreased by $12,000; inventory increased by $7,200; proceeds from the issuance of long term debt were $15,000; accounts payable decreased by $4,100; equipment purchases were $50,000; depreciation and amortization expense was $22,500.

Required:
Calculate the net cash provided (used) by operating activities for the period.

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Accounting Basics: Net income was 44700 accounts receivable decreased by 12000

Reference No:- TGS01209713

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Accounting Basics: Net income was 44700 accounts receivable decreased by 12000

Reference No:- TGS01209713

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