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COTB MC Qu. 15-49 (Algo) Assume that a company provided... Assume that a company provided...

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Accounting

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COTB MC Qu. 15-49 (Algo) Assume that a company provided... Assume that a company provided the following statement of cash flows (all sales are on account); $ 45 Operating activities: Net income Adjustments to convert net income to a cash basis: Depreciation Decrease in accounts receivable Increase in inventory Increase in accounts payable Net cash provided by (used in) operating activities $ 15 2 (10) 4 11 56 (40) Investing activities: Additions to property, plant, & equipment Net cash provided by (used in) investing activities (40) 5 (14) Financing activities: Issuance of common stock Cash dividends paid Net cash provided by (used in) financing activities (9) 7 6 $ 13 Net increase in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents If the company's sales were $223, then its cash collections from customers were

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