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Problem - A corporation reported the following information for the past year:
Net Income $100,000
Depreciation $15,000
Gain on sale of truck $9,000
Proceeds from sale of truck $15,000
Decrease in accounts receivable $20,000
Purchase of investments $50,000
Required -
1) Assuming these are the only facts, what amount will the corporation report as Net Cash Provided (Used) by Operating Activities on the statement of cash flows? Show format.
2) Using the information in Question what amount will the corporation report as Cash Provided (Used) by Investing Activities on the statement of cash flows? Show format.
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present and future value tables of 1 at 3 are presented belownfv 1pv 1fva 1pva 1fvad 1pvad 111.030000.970871.0000
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