ingDQuestion 1Hari's Math Tutoring Corp. has the following information available:12/31/201712/31/201815,000Pre-paid Insurance 12,000PP&E (Gross)100,000 200,000The information below is taken from the income statement for 2018:Net Income383,000Sales678,000Cost of goods sold 149,000Depreciation7,000During 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'sMath Tutoring Corp. purchased a piece of equipment for $150,000.What is Cash Flow from Operations in 2018?

Solution Calculate the Cash flow from operation of the Haris'Math Tutoring corp in 2018…

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Business

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What is Cash Flow from Operations in 2018?

Fundamentals of Financial Management (MindTap Course List)

15th Edition

ISBN:9781337395250

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter4: Analysis Of Financial Statements

Section: Chapter Questions

Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...

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