Prepare the Cash Flow from Operations for ABC Company as of 12/31/x1. The following information related...
Prepare the Cash Flow from Operations for ABC Company as of 12/31/x1. The following information related to 20x1 was provided. Then answer the questions pertaining to the statement.
Net income = $151,000
A/R decreased by $13,000
A/P decreased by $9,500
Land was purchased for $110,000 cash
Dividends paid = $10,000
Depreciation expense = $44,000
Question 20 options:
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Homework Answers
1) Calculate following
| Net income | 151000 |
| A/R decreased | 13000 |
| A/P decreased | -9500 |
| Depreciation expense | 44000 |
| Net cash flow from operating activities | 198500 |
Question 20 options:
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Prepare the Cash Flow from Operations for ABC Company as of
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