Question
Stone Company provided the following information at year-end: 2015 2014 Accounts Receivable 620,000 680,000 Inventory 1,960,000 1,840,000 Accounts Payable 380,000 520,000 Accrued Expenses 500,000 340,000
Stone Company provided the following information at year-end:
2015 2014
Accounts Receivable 620,000 680,000
Inventory 1,960,000 1,840,000
Accounts Payable 380,000 520,000
Accrued Expenses 500,000 340,000
The income statement for the year ended December 31,2015 showed the following data:
Net Income 2,120,000
Depreciation 240,000
Amortization of Patent 80,000
Gain on sale of land 200,000
How much is the cash flow from operating activities for 2015?
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Principles of Cost Accounting
Authors: Edward J. Vanderbeck
16th edition
9781133712701, 1133187862, 1133712703, 978-1133187868
