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Lafayette Company has net income of $178,000 and the following related items: Depreciation expense $10,000 Accounts receivable increase 4,000 Inventory decrease 20,000 Accounts payable decrease
Lafayette Company has net income of $178,000 and the following related items: Depreciation expense $10,000 Accounts receivable increase 4,000 Inventory decrease 20,000 Accounts payable decrease 8,000 Using the indirect method, what is Lafayette Company's cash flow from operations? Select one: A. $ 92,000 B. $180,000 C. $196,000 D. $212,000
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Food And Beverage Cost Control
Authors: Jack E. Miller, Lea R. Dopson, David K. Hayes
3rd Edition
0471273546, 978-0471273547
