What amount should paper report as net cash provided

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Question

Paper Co. had net income of $70,000 during the year. The 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

$30,000

$20,000

$10,000

Reference no: EM132317178

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