Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Demi Inc. has an accrual basis net loss of $60,000 in 2019 and the following related items: Depreciation expense $33,000 Accounts receivable decrease 24,000 Inventory

Demi Inc. has an accrual basis net loss of $60,000 in 2019 and the following related items:

Depreciation expense

$33,000

Accounts receivable decrease

24,000

Inventory increase

18,000

Accounts payable increase

9,000

Accrued liabilities increase

15,000

How much is Demi's net cash flow from operating activities in 2019?

Select one:

A. $105,000

B. $(39,000)

C. $ 3,000

D. $ (12,000)

image text in transcribed

Question 19 Not yet answered Marked out of 4.17 Demi Inc. has an accrual basis net loss of $60,000 in 2019 and the following related items: Depreciation expense $33,000 Accounts receivable decrease 24,000 Inventory increase 18,000 Accounts payable increase 9,000 Accrued liabilities increase 15,000 How much is Demi's net cash flow from operating activities in 2019? Select one: A. $105,000 B. $(39,000) C. $ 3,000 O D. $ (12,000)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Accounting questions