Aggasiz Corporation earned net income of $90,000 and had amortization expense of $24,000. Also, non-cash current assets
Question:
Aggasiz Corporation earned net income of $90,000 and had amortization expense of $24,000. Also, non-cash current assets decreased by $18,000, and current liabilities decreased by $12,000. Using the indirect method, what was Aggasiz Corporation’s net cash flow from operating activities?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Aggasiz Corporation Cash flow from operatin activi...View the full answer
Answered By
Mohammed Nisath
I am a CA inter qualified with 5 years of professional experience in the field of accounting, auditing and taxation. Also having experience with perfect blend of corporate as well as audit firms.
I am passionate in teaching and during job with audit firms, I used to provide regular coaching to the students and junior articled assistant.
I am currently working as a finance executive with CMA CGM, one of the leading shipping organization.
0 Reviews
10+ Question Solved
Related Book For 
Horngrens Accounting
ISBN: 9780135359785
11th Canadian Edition Volume 2
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann Johnston, Peter R. Norwood
Question Posted:
