Question
XYZ Corporation reported net income of $800,000 for the fiscal year. Depreciation expense was $100,000, and there was an increase in accounts receivable of $50,000,
XYZ Corporation reported net income of $800,000 for the fiscal year. Depreciation expense was $100,000, and there was an increase in accounts receivable of $50,000, a decrease in accounts payable of $30,000, and an increase in inventory of $20,000. Calculate the operating cash flow for XYZ Corporation.
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
14th edition
978-1259284861, 1259284867, 77862392, 978-0077862398
