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Alberto Co. reported the following for its most recent fiscal year: Net income, - $200,000; Depreciation expense – $50,000; Increase in accounts receivable – $10,000; Decrease in merchandise inventory -$2,000; Increase in prepaid expenses – $1,000; Decrease in accounts payable – $9,000; Increase in wages payable – $3,000; Decrease in bonds payable – $5,000; Loss on sale of machinery – $1,000.   What is the net cash flows from Operating Activities?

Alberto Co. reported the following for its most recent fiscal year: Net income, - $200,000; Depreciation expense – $50,000; Increase in accounts receivable – $10,000; Decrease in merchandise inventory -$2,000; Increase in prepaid expenses – $1,000; Decrease in accounts payable – $9,000; Increase in wages payable – $3,000; Decrease in bonds payable – $5,000; Loss on sale of machinery – $1,000.   What is the net cash flows from Operating Activities?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Alberto Co. reported the following for its most recent fiscal year:

Net income, - $200,000;

Depreciation expense – $50,000;

Increase in accounts receivable – $10,000;

Decrease in merchandise inventory -$2,000;

Increase in prepaid expenses – $1,000;

Decrease in accounts payable – $9,000;

Increase in wages payable – $3,000;

Decrease in bonds payable – $5,000;

Loss on sale of machinery – $1,000.

 

What is the net cash flows from Operating Activities? 

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