Question
Suppose Lightspeed Industries has the following results related to cash flows for 2022: Net Income of $8,800,000 Increase in Accounts Payable of $900,000 Decrease in
Suppose Lightspeed Industries has the following results related to cash flows for 2022:
Net Income of $8,800,000
Increase in Accounts Payable of $900,000
Decrease in Accounts Receivable of $300,000
Increase in Inventory of $400,000
Assuming no other cash flow adjustments than those listed above, create a statement of cash flows with amounts in thousands.
What is the Net Cash Flow from Operating Activities?
Step by Step Solution
3.49 Rating (156 Votes )
There are 3 Steps involved in it
Step: 1
To calculate the net cash flow from operating activities we need to consider the adjustm...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Accounting
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
11th edition
978-0134065830, 134065832, 134127625, 978-0134127620
