A company has Net Income of $20, which included $4 of depreciation expense. There were no other
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A company has Net Income of $20, which included $4 of depreciation expense.
There were no other noncash expenses in Net Income and there were no gains or losses.
Accounts receivable was $40 at the beginning of the year and $25 at the end of the year.
Accounts Payable was $25 at the beginning of the year and $15 at the end of the year.
Inventory was $22 at the beginning of the year and $27 at the end of the year.
All other balance sheet accounts were unchanged over the year.
What was the company’s Cash Flow from Operating Activities?
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: 978-1259917059
18th edition
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
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