Question
Sheridan Inc had the following activity last year: Sales $298000; Cost of goods sold $174000; Depreciation expense $22000; other selling and administrative expenses $96000; income
Sheridan Inc had the following activity last year: Sales $298000; Cost of goods sold $174000; Depreciation expense $22000; other selling and administrative expenses $96000; income tax expense $3400. What was the estimated net cash flow for the year?
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Management and Cost Accounting
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, George Foster
4th edition
1405888202, 978-0273711490, 273711490, 978-1405888202
