Depreciation ExpenseChange in salaries payableGain from sale of equipmentChange in common stockChange in long-term debt17-1281070Company X's net cash flow from operations using the indirect method was:B During 20X1, Company X had net income of $96. In addition, the companyreported the following (increases in assets and liabilities are shown as positive,decreases are shown as negative):Change in accounts receivableDepreciation ExpenseChange in salaries payableGain from sale of equipmentChange in common stock-1517-12co10

calculation of cash flow from operation are as follows

Depreciation Expense Change in salaries payable Gain from sale of equipment Change in common stock -12 8 10 70 Change in long-term debt Company X's net cash flow from operations using the indirect method was:

Depreciation Expense Change in salaries payable Gain from sale of equipment Change in common stock -12 8 10 70 Change in long-term debt Company X's net cash flow from operations using the indirect method was:

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

Depreciation Expense
Change in salaries payable
Gain from sale of equipment
Change in common stock
Change in long-term debt
17
-12
8
10
70
Company X's net cash flow from operations using the indirect method was:
B

During 20X1, Company X had net income of $96. In addition, the company
reported the following (increases in assets and liabilities are shown as positive,
decreases are shown as negative):
Change in accounts receivable
Depreciation Expense
Change in salaries payable
Gain from sale of equipment
Change in common stock
-15
17
-12
co
10

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