Question
Suppose Ruston Company has the following results related to cash flows for 2022: Net Income of $6,700,000 Increase in Accounts Payable of $300,000 Decrease in
Suppose Ruston Company has the following results related to cash flows for 2022:
Net Income of $6,700,000 Increase in Accounts Payable of $300,000 Decrease in Accounts Receivable of $500,000 Increase in Inventory of $800,000
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?
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
