Question: Which adjustments to net income in the operating activities section
Which adjustments to net income in the operating activities section of the statement of cash flows are directly related to cash flows in other sections?
Answer to relevant QuestionsHow would you respond to someone who says that the most important item on the statement of cash flows is the change in the cash balance for the year?During 2014, Cupello Corporation had a net income of $144,000. Included on its income statement were depreciation expense of $16,000 and amortization expense of $1,800. During the year, Accounts Receivable decreased by ...For the year ended June 30, 2014, net income for Flake Corporation was $14,800. Depreciation expense was $4,000. During the year, Accounts Receivable increased by $8,800, Inventories increased by $14,000, Prepaid Rent ...Ben Tools, Inc.’s comparative balance sheets for December 31, 2014 and 2013, follow.During 2014, the company had net income of $96,000 and building and equipment depreciation expenses of $80,000 and $60,000, respectively. ...Why does a decrease in receivables turnover create the need for cash from operating activities?
Post your question