BASE DATA:
MSU uses the indirect method: Net income 92,600 $ Dividends paid (cash) 50,500 $ Depreciation expense 12,000 $ Net decrease in current assets 21,400 $ Issued new notes payable for cash 61,200 $ Paid cash for building 279,000 $ Net decrease in current liabilities 5,300 $ Sold investment for cash 350,000 $
WITH THE ABOVE DATA SOLVE THE FOLLOWING QUESTIONS REGARDING YOUR PRODUCT:
QUESTION ONE
What was the net cash flow from operating activities for the year?