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What amount will the corporation report as Net Cash

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Reference no: EM132464065

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.

Reference no: EM132464065

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