Consider the following: Net income = $10,000, depreciation expense = $2,000, accounts receivable increased by $800, inventory
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Consider the following: Net income = $10,000, depreciation expense = $2,000, accounts receivable increased by $800, inventory decreased by $100, and accounts payable increased by $500. Based on this information alone, what is cash flow from operating activities?
a. $12,000
b. $11,600
c. $11,800
d. $13,400
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Related Book For
Financial Accounting
ISBN: 9781264229734
11th Edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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