Question
The financial statement data below are for Wolf Creek Company. Sales $700 Cost of goods sold (450) Depreciation expense (100) Net income $150 Ending Beginning
The financial statement data below are for Wolf Creek Company.
| Sales | $700 |
| Cost of goods sold | (450) |
| Depreciation expense | (100) |
| Net income | $150 |
| Ending | Beginning | |
| Accounts receivable | 70 | 100 |
| Inventory | 150 | 220 |
| Accounts payable | 25 | 10 |
Compute Wolf Creek Company's OPERATING CASH FLOW for the year.
- $250 inflow
- $365 inflow
- $335 inflow
- $225 inflow
- $305 inflow
- $350 inflow
- $295 inflow
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
