The following information is available for Redcands Company: Receipts from customers $ 215 , 000 Dividends from stock investments 3 , 000 Proceeds from sale of equipment 18 , 000 Proceeds from issuance of stock 90 , 000 Payments for inventory 100 , 000 Payments for operating expenses 78 , 000 Interest paid 6 , 000 Taxes paid 4 , 000 Dividends paid 20 , 000 \begin{array}{lr} ext { Receipts from customers } & \$ 215,000 \ ext { Dividends from stock investments } & 3,000 \ ext { Proceeds from sale of equipment } & 18,000 \ ext { Proceeds from issuance of stock } & 90,000 \ ext { Payments for inventory } & 100,000 \ ext { Payments for operating expenses } & 78,000 \ ext { Interest paid } & 6,000 \ ext { Taxes paid } & 4,000 \ ext { Dividends paid } & 20,000\end{array} Receipts from customers Dividends from stock investments Proceeds from sale of equipment Proceeds from issuance of stock Payments for inventory Payments for operating expenses Interest paid Taxes paid Dividends paid $215 , 000 3 , 000 18 , 000 90 , 000 100 , 000 78 , 000 6 , 000 4 , 000 20 , 000 InstructionsBased on the preceding information compute the net cash provided by operating activities.

Question

The following information is available for Redcands Company:    Receipts from customers  $ 215 , 000  Dividends from stock investments  3 , 000  Proceeds from sale of equipment  18 , 000  Proceeds from issuance of stock  90 , 000  Payments for inventory  100 , 000  Payments for operating expenses  78 , 000  Interest paid  6 , 000  Taxes paid  4 , 000  Dividends paid  20 , 000 \begin{array}{lr}	ext { Receipts from customers }  &  \$ 215,000 \	ext { Dividends from stock investments }  &  3,000 \	ext { Proceeds from sale of equipment }  &  18,000 \	ext { Proceeds from issuance of stock }  &  90,000 \	ext { Payments for inventory }  &  100,000 \	ext { Payments for operating expenses }  &  78,000 \	ext { Interest paid }  &  6,000 \	ext { Taxes paid }  &  4,000 \	ext { Dividends paid }  &  20,000\end{array}  Receipts from customers   Dividends from stock investments   Proceeds from sale of equipment   Proceeds from issuance of stock   Payments for inventory   Payments for operating expenses   Interest paid   Taxes paid   Dividends paid  ​ $215 , 000 3 , 000 18 , 000 90 , 000 100 , 000 78 , 000 6 , 000 4 , 000 20 , 000 ​   InstructionsBased on the preceding information compute the net cash provided by operating activities.

Salma Armenta · Accepted Answer

Final Answer :   Receipts from customers  $ 215 , 000  Dividends from stock investments  3 , 000 218 , 000  Payments for goods  $ 100 , 000  Payments for operating expenses  78 , 000  lnterest paid  6 , 000  Taxes paid  4 , 000 188 , 000  Net cash provided by operating activities  $ 30 , 000 \begin{array}{lrr}	ext { Receipts from customers }  &  \$ 215,000 \	ext { Dividends from stock investments }  &  3,000 \ & 218,000\\	ext { Payments for goods }  &  \$ 100,000  &  \	ext { Payments for operating expenses }  &  78,000  &  \	ext { lnterest paid }  &  6,000  &  \	ext { Taxes paid }  &  4,000  &  188,000 \	ext { Net cash provided by operating activities }  &   &  \$ 30,000\end{array}  Receipts from customers   Dividends from stock investments   Payments for goods   Payments for operating expenses   lnterest paid   Taxes paid   Net cash provided by operating activities  ​ $215 , 000 3 , 000 218 , 000 $100 , 000 78 , 000 6 , 000 4 , 000 ​ 188 , 000 $30 , 000 ​

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