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In 2020, Wild Corporation reported a net loss of $70,000. Wild's only net income adjustments were depreciation expense $81,000, and increase in accounts receivable $8,100. Compute Wild's net cash provided (used) by operating activities.

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abiolataiwo2015

Answer:

$2,900

Explanation:

Computation for Wild's net cash provided (used) by operating activities.

Net income adjustments $81,000

Less increase in accounts receivable ($8,100)

$72,900

Less reported net loss $70,000

Net cash provided (used) by operating activities $2,900

($72,900-$70,000)

Therefore net cash provided (used) by operating activities will be $2,900