Question
On its income statement, Morris Hardware reported net loss of $30,000. It also reported the following items: Depreciation expense 15,000 Gain on sale of equipment
On its income statement, Morris Hardware reported net loss of $30,000. It also reported the following items: Depreciation expense 15,000 Gain on sale of equipment 5,200 Inventory increase 2,100 Accounts payable increase 4,000 Wages payable increase 200 New borrowing 20,000 How much is Morris Hardwares net cash flow from operating activities? On its income statement, Morris Hardware reported net loss of $30,000. It also reported the following items:
Depreciation expense 15,000
Gain on sale of equipment 5,200
Inventory increase 2,100
Accounts payable increase 4,000
Wages payable increase 200 New borrowing 20,000
How much is Morris Hardwares net cash flow from operating activities? ($11,900) $21,900 ($18,100) $1,900
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