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Blue Spruce Corp. recorded the following cash transactions for the year: Paid $133500 for salaries. Paid $55200 to purchase office equipment. Paid $15100 for utilities. Paid $5600 in dividends. Collected $279000 from customers. What was Blue's net cash provided by operating activities?

Respuesta :

Answer:

$130,040

Explanation:

The cash flow using the indirect method has 3 groups of activities namely; operating, investing and financing.

Given the following activities;

Paid $133500 for salaries, Paid $55200 to purchase office equipment, Paid $15100 for utilities, Paid $5600 in dividends. Collected $279000 from customers,

The operating activities are Paid $133500 for salaries, Paid $15100 for utilities and Collected $279000 from customers,

Thus,

Blue's net cash provided by operating activities = -$133500 - $15100 + $279000

= $130,040

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