Question
Calculate the Operating Cash Flow (OCF) for DEF Corp. for the fiscal year ended December 31, 2023. The company's net income was $800,000, depreciation expense
Calculate the Operating Cash Flow (OCF) for DEF Corp. for the fiscal year ended December 31, 2023. The company's net income was $800,000, depreciation expense was $200,000, and changes in working capital were $100,000 (increase). Use the formula: OCF = Net Income + Depreciation Expense + Changes in Working Capital.
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Financial Accounting An Introduction to Concepts, Methods and Uses
Authors: Roman L. Weil, Katherine Schipper, Jennifer Francis
14th edition
978-1111823450, 1-133-36617-1 , 1111823456, 978-1-133-3661, 978-1133591023
