13Use the indirect method to answer the question using the following information for Felix Company: Net...
13Use the indirect method to answer the question using the following information for Felix Company:
|
Net income |
$300 |
Decrease in plant and equip. |
$40 |
|
Depreciation expense |
20 |
Increase in deffered tax asset |
5 |
|
Gain on sale of assets |
35 |
Decrease in long-term debt |
50 |
|
Increase in inventories |
25 |
Decrease in accounts payable |
15 |
What is cash from investing activities for Felix Company?
|
$5 |
||
|
$10 |
||
|
$40 |
||
|
$75 |
Homework Answers
C. $40
Cash from investing activities = Decrease in plant and equipment = $40
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13Use the indirect method to answer the question using the
following information for Felix Company:
Net...
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