Ashford's Company has an accrual basis net income of $270,000 in 2019 and the following related...
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Ashford's Company has an accrual basis net income of $270,000 in 2019 and the following related items: Depreciation expense $57,000 Accounts receivable increase 18,000 Inventory decrease 21,000 Accounts payable decrease 12,000 How much is Ashford's net cash flow from operating activities in 2019? Select one: A. 5186,000 B. 5318,000 C. 5261,000 D. $303,000 Ashford's Company has an accrual basis net income of $270,000 in 2019 and the following related items: Depreciation expense $57,000 Accounts receivable increase 18,000 Inventory decrease 21,000 Accounts payable decrease 12,000 How much is Ashford's net cash flow from operating activities in 2019? Select one: A. 5186,000 B. 5318,000 C. 5261,000 D. $303,000
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Answer B318000 Calculations Cash flows from operating activit... View the full answer
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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