Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

assistance please A company had net income of $250,000. Depreciation expense is $25,000. During the year, Accounts Receivable and Inventory both increased $15,000 and $45,000,

image text in transcribed
assistance please
image text in transcribed
A company had net income of $250,000. Depreciation expense is $25,000. During the year, Accounts Receivable and Inventory both increased $15,000 and $45,000, respectively. Prepaid Expenses and Accounts Payable both decreased $5,000 and $7,500, respectively. There was also a gain on the sale of equipment of $5,000. Calculate operating cash-flow (OCF). a. $270,000 b. $317,500 c. $207,500 d. $250,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Management A Strategic Emphasis

Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins

7th edition

77733770, 978-0077733773

More Books

Students also viewed these Accounting questions

Question

Can the influence of antagonistic stakeholders be decreased? LO.1

Answered: 1 week ago