Tu Company's financial statements show a net income of $378,000 in 2016. The following items also...
Tu Company's financial statements show a net income of $378,000 in 2016. The following items also appear on Tu's balance sheet:
|
Depreciation expense |
$80,000 |
|
Accounts receivable decrease |
24,000 |
|
Inventory increase |
56,000 |
|
Accounts payable increase |
16,000 |
Using the indirect method, what is Tu's net cash flow from
operating activities in 2016?
Homework Answers
| Net Income | 378,000 |
| Add :Depreciation expense | 80,000 |
| Add: Accounts receivable decrease | 24,000 |
| Less : Inventory increase | (56,000) |
| Add: Accounts payable increase | 16,000 |
| Cash flow from operating activities | 442,000 |
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