Torche Corporation had 2019 net income of $9,400,000. The company invested $2,000,000 in manufacturing equipment during 2018,

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Torche Corporation had 2019 net income of $9,400,000.

The company invested $2,000,000 in manufacturing equipment during 2018, but made no additional capital investments in 2019.
The equipment is being depreciated over five years using straight-line depreciation, beginning in 2018.

Assuming there are no other cash flow adjustments than those listed here, create a statement of cash flows for 2019 with amounts in the thousands.

What is the net cash flow in 2019?

Related Book For answer-question

Advanced Accounting

ISBN: 978-0538480284

11th edition

Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng

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Posted Date: Apr 10, 2023 04:36 AM

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Torche Corporation had 2019 net income of $9,400,000. The company invested $2,000,000 in manufacturing equipment during 2018,

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Step 11 Statement of cash flows for the year ended December 31 2019 Amoun... View the full answer

Advanced Accounting

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