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Fill in the blanks with the gollowing numeric format. ABC Corporation's Balance sheet for assets and liabilities are as follows: Dec. 31, Year 2019 Dec.
Fill in the blanks with the gollowing numeric format.
ABC Corporation's Balance sheet for assets and liabilities are as follows: Dec. 31, Year 2019 Dec. 31. Year 2018 Accounts receivable $40,000 $34,500 Inventory 30,500 32,000 20,000 18,500 Accounts payable Interest payable 1,000 1,200 ABC has a Net Income of $190,000 for 2019 and depreciation expenses of $10,000, adjust the Net Income by the changes to operating assets and operating liabilities. Fill in the blanks with the following numeric format: 12345 (no blanks and no dollar signs). If the number is negative: -12345. Operating Cash Flow: Net Income 190000 + Depreciation Expense 10000 Changes in Operating Assets Change in Inventory - 1500 - Change in Accounts Receivable 1500 Changes in Operating Liabilities + Change in Accounts Payable 1 + Change in Interest Payable Cash Flow from Operations Step by Step Solution
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