Question 4: XYZ Co. had the following information in 2020: Sales 150000 COGS 80000 Operating expenses (excluding depreciation) Interest expense 32000 8000 Taxes 3000 Increase in Accounts receivable Decrease in inventory Increase in Accounts payable Decrease in other payables Increase in interest payable Decrease in tax payable 7000 4000 5000 3500 2000 1000 Prepare operating cash flows using direct method.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 4:
XYZ Co. had the following information in 2020:
Sales
150000
COGS
80000
Operating expenses (excluding depreciation)
Interest expense
32000
8000
Таxes
3000
Increase in Accounts receivable
7000
Decrease in inventory
Increase in Accounts payable
Decrease in other payables
Increase in interest payable
Decrease in tax payable
4000
5000
3500
2000
1000
Prepare operating cash flows using direct method.
Transcribed Image Text:Question 4: XYZ Co. had the following information in 2020: Sales 150000 COGS 80000 Operating expenses (excluding depreciation) Interest expense 32000 8000 Таxes 3000 Increase in Accounts receivable 7000 Decrease in inventory Increase in Accounts payable Decrease in other payables Increase in interest payable Decrease in tax payable 4000 5000 3500 2000 1000 Prepare operating cash flows using direct method.
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