1-3-2 Sheffield Corp.'s net income for the current year was $541000. Depreciation recorded on plant...
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Accounting
1-3-2
Sheffield Corp.'s net income for the current year was $541000. Depreciation recorded on plant assets was $81000. Accounts receivable and inventories increased by $42000 and $17000, respectively. Supplies and accounts payable decreased by $2000 and $34000, respectively. A $500,000 convertible bond was retired through the issuance of common stock. How much cash was provided by operating activities?
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| $531000. |
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| $493000. |
|
| $713000. |
|
| $510000. |
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