Cullumber Corporation reported net income of $49,100 in 2017. Depreciation expense was $17,200. The following working capital accounts changed.
Accounts receivable $11,200 increase
Available-for-sale debt securities 16,900 increase
Inventory 7,300 increase
Nontrade note payable 14,400 decrease
Accounts payable 13,300 increase
Compute net cash provided by operating activities. (Show amounts that decrease cash flow with either a - sign e. g. -15,000 or in parenthesis e. g. (15,000).)
Cullumber Corporation
Statement of Cash Flows (Partial)
Adjustments to reconcile net income to
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Cullumber Corporation reported net income of $49,100 in 2017. Depreciation expense was $17,200. The...
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