Moira Co. reported the following for its most recent fiscal year: Net income P 200,000 Depreciation expense 50,000 Increase in accounts receivable 10,000 Decrease in merchandise inventory 2,000 Increase in prepaid expenses 1,000 Decrease in accounts payable 9,000 Increase in wages payable Decrease in bonds payable 3,000 5,000 Loss on sale of machinery 1,000 What is the net cash flows from Operating Activities?
Moira Co. reported the following for its most recent fiscal year: Net income P 200,000 Depreciation expense 50,000 Increase in accounts receivable 10,000 Decrease in merchandise inventory 2,000 Increase in prepaid expenses 1,000 Decrease in accounts payable 9,000 Increase in wages payable Decrease in bonds payable 3,000 5,000 Loss on sale of machinery 1,000 What is the net cash flows from Operating Activities?
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....
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![Moira Co. reported the following for its most recent fiscal year:
Net income
200,000
Depreciation expense
50,000
Increase in accounts receivable
10,000
Decrease in merchandise inventory 2,000
Increase in prepaid expenses
1,000
Decrease in accounts payable
9,000
Increase in wages payable
3,000
Decrease in bonds payable
5,000
Loss on sale of machinery
1,000
What is the net cash flows from Operating Activities?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff07c7813-dfa4-4b48-826f-e4cdc135bbdc%2Ffba2d0b9-20a7-4cfa-bdd5-6ea68276489e%2Fsrfts17_processed.png&w=3840&q=75)
Transcribed Image Text:Moira Co. reported the following for its most recent fiscal year:
Net income
200,000
Depreciation expense
50,000
Increase in accounts receivable
10,000
Decrease in merchandise inventory 2,000
Increase in prepaid expenses
1,000
Decrease in accounts payable
9,000
Increase in wages payable
3,000
Decrease in bonds payable
5,000
Loss on sale of machinery
1,000
What is the net cash flows from Operating Activities?
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