Winn Company's 20X2 income statement reported total revenues, $110,000, and total expenses (including $10,000 depreciation), $70,000...
Winn Company's 20X2 income statement reported total revenues, $110,000, and total expenses (including $10,000 depreciation), $70,000 (i.e., a profit of $40,000). The 20X2 balance sheet reported the following: trade receivables--beginning balance, $16,000 and ending balance, $14,000; wages payable--beginning balance, $2,000 and ending balance, $1,500. Therefore, based only on this information, the 20X2 net cash inflow from operating activities was which of the following?
$48,500.
$51,500.
$50,000.
$59,500.
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Winn Company's 20X2 income statement reported total revenues,
$110,000, and total expenses (including $10,000 depreciation),
$70,000...
30. Waxman Company's 20D income statement reported total revenues, $850,000 and total expenses (including $40,000 depreciation)...
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