Vogel, Inc's depreciation expense for the most recent year was $90,000 and its net income was...
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Vogel, Inc's depreciation expense for the most recent year was $90,000 and its net income was $530,000. The company's net cash flow from operating activities was $712,000. Other information from Vogel's financial statements includes a decrease in accounts receivable of $30,000, a $34,000 increase in accounts payable, and a $12,000 decrease in prepaid expenses. The only other activity that occurred, for the company this year, was the sale of a piece of equipment whose book value was $20,000. Taking into consideration only the activities listed, what amount will Vogel report in cash flows from investing activities? $16,000 cash inflow $36.000 cash inflow $4,000 cash inflow $4,000 cash outflow Submit Answer Vogel, Inc's depreciation expense for the most recent year was $90,000 and its net income was $530,000. The company's net cash flow from operating activities was $712,000. Other information from Vogel's financial statements includes a decrease in accounts receivable of $30,000, a $34,000 increase in accounts payable, and a $12,000 decrease in prepaid expenses. The only other activity that occurred, for the company this year, was the sale of a piece of equipment whose book value was $20,000. Taking into consideration only the activities listed, what amount will Vogel report in cash flows from investing activities? $16,000 cash inflow $36.000 cash inflow $4,000 cash inflow $4,000 cash outflow Submit Answer
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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