Question
Calculate cash flow from operating activities using the following information. Net income 60,000 Purchase of new machine 35,000 Depreciation expense 10,000 Increase in Accts. Receivable
Calculate cash flow from operating activities using the following information.
Net income 60,000 Purchase of new machine 35,000
Depreciation expense 10,000 Increase in Accts. Receivable 15,000
Loss on sale of machine 9,000 Decrease in Prepaid Expenses 7,000
Increase in Accts. Payable 14,000
Decrease in Accrued Liabilities 4,000
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Principles Of Financial Accounting (Chapters 1-17)
Authors: John Wild
25th Edition
1260780147, 9781260780147
