Petroni Company reports the following selected results for its calendar year 20Y8: Net income $135,000 Depreciation expense
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Question:
Petroni Company reports the following selected results for its calendar year 20Y8:
Net income $135,000
Depreciation expense 25,000
Loss on sale of land 5,000
Accounts receivable increase 10,000
Accounts payable increase 6,000
Prepaid expenses decrease 3,000
Wages payable decrease 4,000
What would be reported as the dollar amount of cash flows from operations?
Related Book For
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
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