Give me true answer In 2011 Newcombe Ltd. had a net profit of $100,000 aftercharging an amortization expense of $50,000. Inventories hadincreased by $100,000 and accounts receivable hadincreased by $50,000 over the year. Accounts payable hadremained constant at $250,000.Calculate the cash from operations.

Step 1: Introduction to the Operating Cash FlowThe cash flows shown on a cash flow statement are…

Answered: In 2011 Newcombe Ltd. had a net profit…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 5MC

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In 2011 Newcombe Ltd. had a net profit of $100,000 after charging an amortization expense of $50,000. Inventories had increased by $100,000 and accounts receivable had increased by $50,000 over the year. Accounts payable had remained constant at $250,000. Calculate the cash from operations.