The following information for 2020 is extracted from Mountain Toys Limited, owner of a retail store: Profit

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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  book-img-for-question

Fundamental Accounting Principles Volume II

ISBN: 978-1260305838

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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