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
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I want to correct answer general accounting question

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
Transcribed Image Text: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
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