Calculate Cash from Operating Activities given the following information: ⚫ Net Income: $320,000 ⚫ Depreciation expense: $45,000 . ⚫ Amortization expense: $12,000 Current assets and liabilities balances (Ending and Beginning): • Cash: $75,000 $65,000 ⚫ Accounts Receivable: $145,000 $135,000 • • ⚫ Inventory: $125,000 $140,000 • Prepaid Expenses: $8,000 $10,000 Accounts Payable: $95,000 $85,000
Calculate Cash from Operating Activities given the following information: ⚫ Net Income: $320,000 ⚫ Depreciation expense: $45,000 . ⚫ Amortization expense: $12,000 Current assets and liabilities balances (Ending and Beginning): • Cash: $75,000 $65,000 ⚫ Accounts Receivable: $145,000 $135,000 • • ⚫ Inventory: $125,000 $140,000 • Prepaid Expenses: $8,000 $10,000 Accounts Payable: $95,000 $85,000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 13MCQ
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