Question

Examine the following cash from operations section of Comox Ltd. and determine whether the asset and liability accounts shown increased or decreased during the year.
Comox Ltd.
Cash from Operations
For the year ended December 31, 2018
(000)
Net income........... $1,980
Depreciation........... 274
Loss on sale of equipment...... 35
Changes in working capital accounts
Accounts receivable........ 62
Inventories........... (74)
Accounts payable and accrued liabilities. 51
Wages payable........... (18)
Other current assets...... (11)
Cash from operations....... $2,299



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  • CreatedFebruary 26, 2015
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