Answered: A company has net income of $60,000,…

A company has net income of $60,000, depreciation expense of $10,000, and an increase in accounts payable of $5,000. What is the operating cash flow?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 5RE: In the current year, Harrisburg Corporation had net income of 35,000, a 9,000 decrease in accounts...

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A company has net income of $60,000, depreciation
expense of $10,000, and an increase in accounts payable
of $5,000. What is the operating cash flow?

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