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Question: 22 Calculate the amount of cash flow from operating activities from the following information. Cash received from customers is $420,000, cash paid for wages and expenses is $230,000, depreciation of motor vehicles is $24,000, cash received from the sale of equipment is $25,000, and gain on the sale of the equipment is $23,000.

Question: 22 Calculate the amount of cash flow from operating activities from the following information. Cash received from customers is $420,000, cash paid for wages and expenses is $230,000, depreciation of motor vehicles is $24,000, cash received from the sale of equipment is $25,000, and gain on the sale of the equipment is $23,000.

Cornerstones of Financial Accounting
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 8MCQ: Which item is added to net income when computing cash flows from operating activities? a. Gain on...
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Question: 22 Calculate the amount of cash flow from operating activities from the following information. Cash received from customers is $420,000, cash paid for wages and expenses is $230,000, depreciation of motor vehicles is $24,000, cash received from the sale of equipment is $25,000, and gain on the sale of the equipment is $23,000.
Transcribed Image Text:Question: 22 Calculate the amount of cash flow from operating activities from the following information. Cash received from customers is $420,000, cash paid for wages and expenses is $230,000, depreciation of motor vehicles is $24,000, cash received from the sale of equipment is $25,000, and gain on the sale of the equipment is $23,000.
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