The books of Silver Fox Company included the following information for the current year: Collected $9,000 cash on account from customers Issued common stock in exchange for cash of $10,000 Received $5,000 cash in advance of providing services to customers Paid $3,000 cash to purchase equipment Paid $3,000 cash to employees for wages and salaries Using the direct method, what is the net cash provided by operating activities?

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Answer:

The answer is attached;

Explanation:

Please note that cash received from common stock is reported  in financing activities  and cash paid for equipment purchase is investing activity.

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