Question

The following information for 2014 relates to Day Corp.:
Net income........................................................................................................... $49,000
Inventory decrease ................................................................................................ 3,000
Depreciation expense............................................................................................ 6,000
Accounts payable decrease .................................................................................... 900
Income taxes payable increase .............................................................................. 1,200
Loss on sale of plant and equipment ..................................................................... 1,000
Calculate the cash inflow or outflow from operating activities.



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  • CreatedJanuary 08, 2015
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