For the year ended December 31, 2013, Carr Company had cash collections from customers of $200,000, cash paid to employees of $32,000, cash paid to suppliers of $100,000, cash used to retire long-term bonds of $32,000, and cash payments for dividends of $20,000. Based on this information, the amount of cash provided by operating activities for 2013 is:

Question

Quizplus · Accepted Answer

$200,000 collected from customers - $32,000 paid to employees - $100,000 paid to suppliers = $68,000 cash inflow from operating activities

For the Year Ended December 31, 2013, Carr Company Had