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In its most recent financial year, Boomerang Ltd reported that accounts payable increased $8 000; inventory decreased $12 000; profit was $68 000 and depreciation
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In its most recent financial year, Boomerang Ltd reported that accounts payable increased $8 000; inventory decreased $12 000; profit was $68 000 and depreciation expense was $4 000.
Using the indirect approach, what is the net cash flow from operating activities that will be reported in the statement of cash flows?
a. $92 000.
b. $88 000.
c. $52 000.
d. $44 000.
e. none of the above.
In its most recent financial year, Boomerang Ltd reported that accounts payable increased $8 000; inventory decreased $12 000; profit was $68 000 and depreciation expense was $4 000.
Using the indirect approach, what is the net cash flow from operating activities that will be reported in the statement of cash flows?
| a. | $92 000. | |
| b. | $88 000. | |
| c. | $52 000. | |
| d. | $44 000. | |
| e. | none of the above. |
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