7 Use the following Baycraft Ltd. information for questions 7 through 10. Under the indirect...
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Accounting
7 Use the following Baycraft Ltd. information for questions 7 through 10. Under the indirect method, net cash provided by operating activities would be (10 Points) Net Income Depreciation Expense Payment of Dividends Increase in Accounts Receivable Collection of Notes Receivable Loss on Sale of Land $47,000 Decrease in Inventories 8.000 Increase in Accounts Payable 2,000 Acquisition of Equipment 4,000 Sale of Shares 6,000 Payment of Long-Term Debt 12,000 Proceeds from Sale of Land $ 2,000 7,000 24,000 3,000 9,000 36.000 a. $72,000. b. $76,000. c. $83,000. d. $84,000
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