What is Cash Flow from Operations in 2018?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Question 1
Hari's Math Tutoring Corp. has the following information available:
12/31/201712/31/2018
15,000
Pre-paid Insurance 12,000
PP&E (Gross)
100,000 200,000
The information below is taken from the income statement for 2018:
Net Income
383,000
Sales
678,000
Cost of goods sold 149,000
Depreciation
7,000
During the year Hari's Math Tutoring Corp. sold a piece of equipment with an original cost of
$50,000 and accumulated depreciation of $12,000 that was sold for $8,000. In addition, Hari's
Math Tutoring Corp. purchased a piece of equipment for $150,000.
What is Cash Flow from Operations in 2018?
Transcribed Image Text:ing D Question 1 Hari's Math Tutoring Corp. has the following information available: 12/31/201712/31/2018 15,000 Pre-paid Insurance 12,000 PP&E (Gross) 100,000 200,000 The information below is taken from the income statement for 2018: Net Income 383,000 Sales 678,000 Cost of goods sold 149,000 Depreciation 7,000 During the year Hari's Math Tutoring Corp. sold a piece of equipment with an original cost of $50,000 and accumulated depreciation of $12,000 that was sold for $8,000. In addition, Hari's Math Tutoring Corp. purchased a piece of equipment for $150,000. What is Cash Flow from Operations in 2018?
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