Ashford's Company has an accrual basis net income of $270,000 in 2019 and the following related items: Depreciation expense $57,000 Accounts receivable increase 18,000 Inventory decrease 21,000 Accounts payable decrease 12,000 How much is Ashford's net cash flow from operating activities in 2019?

Ashford's Company has an accrual basis net income of $270,000 in 2019 and the following related items: Depreciation expense $57,000 Accounts receivable increase 18,000 Inventory decrease 21,000 Accounts payable decrease 12,000 How much is Ashford's net cash flow from operating activities in 2019?

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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Question

Ashford's Company has an accrual basis net income of $270,000 in 2019 and the following related items:

Depreciation expense	$57,000
Accounts receivable increase	18,000
Inventory decrease	21,000
Accounts payable decrease	12,000

How much is Ashford's net cash flow from operating activities in 2019?

Definition Definition Money that the business will be receiving from its clients who have utilized the credit provided to buy its goods and services. The credit period typically lasts for a short term, lasting from a few days, a few months, to a year.

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