Kersley Diner's net income for the year ended November 30, 2020 was $74,000. Additional information is shown below.
Interest expense on borrowing $6,800
Decrease in accounts receivable $11,700
Increase in prepaid expense $2,500
Increase in accounts payable $3,300
Dividends paid to common shareholders $12,200
Calculate the net cash provided (used) by operating activities using the indirect method.
Do not enter dollar signs or commas in the input boxes.
Use the negative sign for a decrease in cash.
Increase or decrease in cash from operating activities = $Answer
Interest expense on borrowing $6,800
Decrease in accounts receivable $11,700
Increase in prepaid expense $2,500
Increase in accounts payable $3,300
Dividends paid to common shareholders $12,200
Calculate the net cash provided (used) by operating activities using the indirect method.
Do not enter dollar signs or commas in the input boxes.
Use the negative sign for a decrease in cash.
Increase or decrease in cash from operating activities = $Answer