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 $
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 $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3df86231-04ee-49bb-a443-c1fccb154adf%2F8b31f2ff-0fd0-40b5-af97-ce6b8a04c6e3%2Fo1j6bh_processed.png&w=3840&q=75)
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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