The following information for 2020 relates to Day Cycle Manufacturing Corp.: Profit .................................................................................. $49,000 Inventory decrease ..........................................................
Question:
The following information for 2020 relates to Day Cycle Manufacturing Corp.:
Profit .................................................................................. $49,000
Inventory decrease .......................................................... 3,000
Depreciation expense ..................................................... 6,000
Accounts payable decrease ............................................... 900
Income taxes payable increase ..................................... 1,200
Loss on sale of plant and equipment 1,000
Calculate the cash inflow or outflow from operating activities.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Profit 49000 Adjustments Depreciation 6000 ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
2+ Reviews
10+ Question Solved
Related Book For 
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
Question Posted:
