Question
Bata Co. reported net income of $216,000 for its year ended December 31, 2013. Purchases totaled $152,000. Income tax payable balances at the beginning and
Bata Co. reported net income of $216,000 for its year ended December 31, 2013. Purchases totaled $152,000. Income tax payable balances at the beginning and end of the year were $36,000 and $33,000, respectively. Beginning and ending inventory balances were $44,000 and $46,000, respectively. Beginning and ending account receivables balances were $54,000 and $50,000, respectively Long term bonds balances at the beginning and end of the year were $56,000 and $65,000, respectively. Beta sold an equipment for $25,000. Assuming that all relevant information has been presented. How much Bata would report net operating cash flows
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