Cash provided (used) by operating activities
Willows Corporation reports the following information:
$\begin{array}{llcc}
\text { Net income.....................................................} &\$320,000 \
\text { Depreciation expense...................................... } &70,000\
\text { Increase in accounts receivable....................... } &30,000\
\end{array}$
What amount should Willows report under the cash provided (used) by operating activities portion of their statement of cash flows?

Question

Cash provided (used) by operating activities
Willows Corporation reports the following information:
 $\begin{array}{llcc}
  \text {  Net income.....................................................} &\$320,000  \
 \text { Depreciation expense...................................... } &70,000\
 \text { Increase in accounts receivable....................... } &30,000\
\end{array}$
 What amount should Willows report under the cash provided (used) by operating activities portion of their statement of cash flows?

Quizplus · Accepted Answer

The Answer of  Cash provided (used) by operating activities
Willows Corporation reports the following information:
 $\begin{array}{llcc}
  \text {  Net income.....................................................} &\$320,000  \
 \text { Depreciation expense...................................... } &70,000\
 \text { Increase in accounts receivable....................... } &30,000\
\end{array}$
 What amount should Willows report under the cash provided (used) by operating activities portion of their statement of cash flows?

Cash Provided (Used) by Operating Activities Willows Corporation Reports the Following

Cash Provided (Used) by Operating Activities
Willows Corporation Reports the Following