Question

The following information is available for Snider Company: Receipts from customers’                            &nbs

The following information is available for Snider Company:
Receipts from customers’                                 ₤210,000

Dividends from share investments                  3,000

Proceeds from sale of equipment                     18,000

Proceeds from issuance of shares                     90,000

Payments for goods                                                100,000

Payments for operating expenses                     75,000

Interest paid                                                                      5,000

Taxes paid                                                                            4,000

Dividends paid                                                                20,000

Based on the preceding information, compute the net cash provided by operating activities.

Business   Accounting   
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Answer #1
Snider Company
Cash Flow Statement (Partial)
Cash Flow from Operating Activities
Receipts form customers       210,000
Dividend received           3,000
Payment for goods      (100,000)
Payments for operating expenses       (75,000)
Interest paid         (5,000)
Income tax paid         (4,000)
Net cash provided by operating activities    29,000
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