Solution-Calculate net cash provided by operating activities

Calculate net cash provided by operating activities

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Reference no: EM13513588

Josh's PhotoPlus reported net income of $73,000 for 2012. Included in the income statement were depreciation expense of $7,000 and a gain on sale of equipment of $2,500. Josh's comparative balance sheets show the following balances.

	12/31/11	12/31/12
Accounts receivable	$17,000	$21,000
Accounts payable	6,000	2,200

Calculate net cash provided by operating activities for Josh's PhotoPlus.

Reference no: EM13513588

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Calculate net cash provided by operating activities : Josh's PhotoPlus reported net income of $73,000 for 2012. Included in the income statement were depreciation expense of $7,000 and a gain on sale of equipment of $2,500. Josh's comparative balance sheets show the following balances.

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Calculate net cash provided by operating activities

Reference no: EM13513588

Reference no: EM13513588

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