AoA Company reported the following for its most recent fiscal year: Net income, - $20,000; Depreciation expense – $5,000; Increase in accounts receivable – $1,000; Decrease in merchandise inventory -$200; Increase in prepaid expenses – $100; Decrease in accounts payable – $900; Increase in wages payable – $300; Decrease in bonds payable – $500; Loss on sale of machinery – $100. What is the net cash flows from Operating Activities?
AoA Company reported the following for its most recent fiscal year: Net income, - $20,000; Depreciation expense – $5,000; Increase in accounts receivable – $1,000; Decrease in merchandise inventory -$200; Increase in prepaid expenses – $100; Decrease in accounts payable – $900; Increase in wages payable – $300; Decrease in bonds payable – $500; Loss on sale of machinery – $100. What is the net cash flows from Operating Activities?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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AoA Company reported the following for its most recent fiscal year:
Net income, - $20,000;
Increase in accounts receivable – $1,000;
Decrease in merchandise inventory -$200;
Increase in prepaid expenses – $100;
Decrease in accounts payable – $900;
Increase in wages payable – $300;
Decrease in bonds payable – $500;
Loss on sale of machinery – $100.
What is the net cash flows from Operating Activities?
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