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Question Medlon corporation controller has gathered of the following information as at Dasts preparing the statement of cash flows. Net income for the current year
Question Medlon corporation controller has gathered of the following information as at Dasts preparing the statement of cash flows. Net income for the current year is $82,000. During the year old equipment with a cost of $60,000 and a net carrying value of $53,000 was sold for cash at a gain of $10,000. New equipment was purchased for dollar 1 lakh. Shown below are selected closing balance for last year and current year Calculate operating Cashflow of current year
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