Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Rogers and Rogers Inc. reported the following information on its statement of cash flow for the year ended 12-31- 2008. Given the information below please

image text in transcribed

Rogers and Rogers Inc. reported the following information on its statement of cash flow for the year ended 12-31- 2008. Given the information below please tell me what Rogers and Rogers reported as CASH FLOW FROM OPERATIONS. IF YOU ANSWER IS NEGATIVE PUTA MINUS SIGN IN FRONT OF YOUR ANSWER. DONT SHOW DOLLAR SIGNS Net Income $8,000 Depreciation: $500 Increase in Inventories $200 Increase in Accounts Payable: $200 increase in Accounts Receivable: $100 Net Cash Used in Investing Activities $1,000 Increase in Accrued Wages: $200 Decrease in Notes Payable $300 Increase in Long Term Bonds: $200 Payment of Dividend To Shareholders $400 Given this information please tell me what Rogers and Rogers reported as CASH FLOW FROM OPERATIONS on its statement of cash flow for the year ended 12-31-08

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance For Dummies

Authors: Eric Tyson

5th Edition

0470038322, 978-0470038321

More Books

Students also viewed these Finance questions