The following information for 2020 is extracted from Mountain Toys Limited, owner of a retail store: Profit
Question:
The following information for 2020 is extracted from Mountain Toys Limited, owner of a retail store:
Profit ........................................................................ $24,500
Accounts receivable decrease .................................. 1,000
Inventory increase...................................................... 1,500
Depreciation expense ............................................... 5,000
Wages payable increase .............................................. 900
Calculate the cash inflow or outflow from operating activities.
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Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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