Last year, IC Inc. had operating income of $500,000 after charging $200,000 of depreciation expense. During the year, trade accounts receiv- able increased by $50,000, and inventory increased by $25,000. Trade accounts payable increased by $10,000. Interest expense was $5,000, and income taxes totalled $200,000. Required Calculate the cash from operations for the year. During the w of lost un

Last year, IC Inc. had operating income of $500,000 after charging $200,000 of depreciation expense. During the year, trade accounts receiv- able increased by $50,000, and inventory increased by $25,000. Trade accounts payable increased by $10,000. Interest expense was $5,000, and income taxes totalled $200,000. Required Calculate the cash from operations for the year. During the w of lost un

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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