If Amber Company has net income of 180, depreciation of 50 and cash provided by operations...
- If Amber Company has net income of 180, depreciation of 50 and
cash provided by operations of 250, then changes in current asset
and liabilities is
- 120
- 50
- 20
- None of the above
Homework Answers
Correct answer-----------(c) $20
Working
| Cash Flow from Operating Activities: | ||
| Net Income | $ 180 | |
| Adjustments to reconcile net loss to net cash flow from operating activities | ||
| Depreciation expense | $ 50 | |
| Changes in current operating assets and liabilities | $ 20 | |
| $ 70 | ||
| A. Cash Flow from Operating Activities | $ 250 |
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