Less: Cost of goods sold Gross margin Less: Operating expenses (includes $8,550 depreciation and $4,997 bad debts) Income from operations Other: Gain on sale of investments Loss on sale of machinery Net income (a) 378,400 158,500 119,700 38,800 $3,800 (800) 3,000 $41,800 Compute net cash flow from operating activities using the direct method. (Enter negative amounts using either a neg preceding the number e.g. -45 or parentheses e.g. (45).) Net cash flow from operating activities $

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
Problem 6MCQ: Which of the following statements is true? a. Net cash flow from operating activities must be...
Question
Less: Cost of goods sold
Gross margin
Less: Operating expenses (includes $8,550 depreciation and $4,997 bad debts)
Income from operations
Other: Gain on sale of investments
Loss on sale of machinery
Net income
(a)
378,400
158,500
119,700
38,800
$3,800
(800)
3,000
$41,800
Compute net cash flow from operating activities using the direct method. (Enter negative amounts using either a neg
preceding the number e.g. -45 or parentheses e.g. (45).)
Net cash flow from operating activities $
Transcribed Image Text:Less: Cost of goods sold Gross margin Less: Operating expenses (includes $8,550 depreciation and $4,997 bad debts) Income from operations Other: Gain on sale of investments Loss on sale of machinery Net income (a) 378,400 158,500 119,700 38,800 $3,800 (800) 3,000 $41,800 Compute net cash flow from operating activities using the direct method. (Enter negative amounts using either a neg preceding the number e.g. -45 or parentheses e.g. (45).) Net cash flow from operating activities $
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