Decrease in accounts receivable.50000Increase in prepaid expense account.240000Increase in merchandise stock.500000Increase in income tax due.200000Earned / Calculate the cash from operatingactivities if you know that the net income is1,800,000 and depreciation expenses 1,300,000

The cash flow statement is prepared to record cash flow from various activities during the period.

Answered: Decrease in accounts receivable. 50000…

Decrease in accounts receivable. 50000 Increase in prepaid expense account. 240000 Increase in merchandise stock. 500000 Increase in income tax due. 200000

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

Decrease in accounts receivable.
50000
Increase in prepaid expense account.
240000
Increase in merchandise stock.
500000
Increase in income tax due.
200000
Earned / Calculate the cash from operating
activities if you know that the net income is
1,800,000 and depreciation expenses 1,300,000

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