The following information for 2014 is extracted from Hartfield Limited: Net income........................................................................................................... $24,500 Accounts receivable decrease................................................................................ 1,000

Question:

The following information for 2014 is extracted from Hartfield Limited:
Net income........................................................................................................... $24,500
Accounts receivable decrease................................................................................ 1,000
Inventory increase ................................................................................................. 1,500
Depreciation expense............................................................................................ 5,000
Wages payable increase ........................................................................................ 900
Calculate the cash inflow or outflow from operating activities.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamental Accounting Principles Volume II

ISBN: 978-1259066511

14th Canadian Edition

Authors: Larson Kermit, Jensen Tilly

Question Posted: