Cash Flow From Operations. Zwenger Company reported a net income of ($ 132,000) for the year. Included
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Cash Flow From Operations. Zwenger Company reported a net income of \(\$ 132,000\) for the year. Included as deductions on the income statement were depreciation of \(\$ 46,000\) and loss on the sale of equipment of \(\$ 7,000\). Accounts receivable increased by \(\$ 6,000\), and inventories decreased by \(\$ 5,000\).
\section*{Required:}
Compute the cash flow from operations for the year.
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Related Book For
Managerial Accounting
ISBN: 9780538842822
9th Edition
Authors: Harold M. Sollenberger, Arnold Schneider, Lane K. Anderson
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