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Company XYZ reported net income of $500,000. Depreciation expense amounted to $100,000. Changes in working capital resulted in a net increase of $50,000. Calculate the
Company XYZ reported net income of $500,000.
- Depreciation expense amounted to $100,000.
- Changes in working capital resulted in a net increase of $50,000.
- Calculate the operating cash flow for Company XYZ.
- Discuss the significance of operating cash flow for assessing the company's liquidity and financial performance.
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
IFRS 3rd edition
1118978080, 978-1119153726, 1119153727, 978-1119153702, 978-1118978085
