Batra Company prepares the statement of cash flows using the indirect method and provided the following income statement: Sales revenue Interest revenue Gain on sale of plant assets Total revenues and gains Cost of goods sold Salary expense Depreciation expense Other operating expenses Interest expense Income tax expense Total expenses Net income (loss) Other information provided: $240,000 1,000 4,000 110,000 45,000 12,000 23,000 1,000 5,000 $245,000 $196,000 $49,000 Current assets other than cash increase by $24,000. Current liabilities increase by $1,000. How much is the Net cash flow provided by operations?

Batra Company prepares the statement of cash flows using the indirect method and provided the following income statement: Sales revenue Interest revenue Gain on sale of plant assets Total revenues and gains Cost of goods sold Salary expense Depreciation expense Other operating expenses Interest expense Income tax expense Total expenses Net income (loss) Other information provided: $240,000 1,000 4,000 110,000 45,000 12,000 23,000 1,000 5,000 $245,000 $196,000 $49,000 Current assets other than cash increase by $24,000. Current liabilities increase by $1,000. How much is the Net cash flow provided by operations?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 20E

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