Business, 22.04.2021 19:50 alondrahernande3

Situation A: Buffalo Co. reports revenues of $199,000 and operating expenses of $111,000 in its first year of operations, 2020. Accounts receivable and accounts payable at year-end were $71,400 and $29,000, respectively. Assume that the accounts payable related to operating expenses. (Ignore income taxes.) Using the direct method, compute net cash provided (used) by operating activities. (Show amounts that decrease cash flow with either a - sign e. g. -15,000 or in parenthesis e. g. (15,000).)

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Situation A: Buffalo Co. reports revenues of $199,000 and operating expenses of $111,000 in its firs...

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