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Webster Corporation statement of cash flow for the year ended December 31, 2011 was prepared using indirect method, and it included the following Net income
Webster Corporation statement of cash flow for the year ended December 31, 2011 was prepared using indirect method, and it included the following Net income 100,000 Noncash adjustments Depreciation expense 20,000 Decrease in account receivable 8,000 Decrease in inventory 25,000 Increase in accounts payable 10,000 Net cash flow from operation activities 163,000 Revenues 150,000 from income statement A. What amount of cash did Webster receive from customers during the year ended December 31, 2011? B. Did depreciation expense provide cash inflow? Comment
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