Question
Lumos Inc. has an accrual basis net loss of $80,000 in 2016 and the following related items: Depreciation expense $44,000 Accounts receivable decrease 32,000 Inventory
Lumos Inc. has an accrual basis net loss of $80,000 in 2016 and the following related items:
Depreciation expense
$44,000
Accounts receivable decrease
32,000
Inventory increase
24,000
Accounts payable increase
12,000
Accrued liabilities increase
20,000
How much is Lumos' net cash flow from operating activities in 2016?
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Financial Accounting An Introduction
Authors: Pauline Weetman
4th Edition
0273703404, 978-0273703402
