Question
Southern Comfort company reports net income of $100. During the year the company purchased $20 of inventory. The company also reported depreciation expense of $30,
Southern Comfort company reports net income of $100. During the year the company purchased $20 of inventory. The company also reported depreciation expense of $30, and cost of goods sold of $20. What was cash from operations?
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
16th Edition
324376375, 0324375743I, 978-0324376371, 9780324375749, 978-0324312140
