
Concept Introduction:
Requirement 1a:
To calculate:
The net cash flow provided by operations for Simon Co. for the year ended December 31st, 2017.
Concept Introduction:
Net income: The net profit or income earned by the company after meeting all its expenses and allowable deductions refers to the net income. It is the difference between the total revenue and total expenses during the same accounting period.
Cash flow from operating activities: The cash inflows and outflows of the company from its core business activities such as buying or selling merchandise or providing services refers to cash flow from operations.
Requirement 1b:
The reasons for difference between the net income and the net cash provided by operations.

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Chapter 9 Solutions
Accounting: What the Numbers Mean
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