Question 4: XYZ Co. had the following information in 2020: Sales COGS 150000 80000 Operating expenses (excluding depreciation) Interest expense 32000 8000 Taxes 3000 Increase in Accounts receivable 7000 Decrease in inventory Increase in ACcounts payable Decrease in other payables 4000 5000 3500 Increase in interest payable Decrease in tax payable 2000 1000 Prepare operating cash flows using direct method.
Question 4: XYZ Co. had the following information in 2020: Sales COGS 150000 80000 Operating expenses (excluding depreciation) Interest expense 32000 8000 Taxes 3000 Increase in Accounts receivable 7000 Decrease in inventory Increase in ACcounts payable Decrease in other payables 4000 5000 3500 Increase in interest payable Decrease in tax payable 2000 1000 Prepare operating cash flows using direct method.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
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
Taxes
3000
Increase in Accounts receivable
Decrease in inventory
Increase in ACcounts payable
Decrease in other payables
7000
4000
5000
3500
Increase in interest payable
Decrease in tax payable
2000
1000
Prepare operating cash flows using direct method.
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