Given the following information, which has been extracted from the financial statements of a company. Net income

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Given the following information, which has been extracted from the financial statements of a company.

Net income in 2018 = $14,000

Annual depreciation in 2018 = $3,000

Interests in 2018= $800

Gross fixed assets in 2017 = $300,000

Net Fixed assets in 2018 = $150,000

Cumulative depreciation in 2018 = $40,000

Working capital in 2017 = $20,000

Working capital in 2018 = $12,000

There is no other long-term assets in the balance sheets of 2017 and 2018.

What is the Cash Flow From Assets (CFFA) for 2018?

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International Accounting

ISBN: 978-0078110955

3rd Edition

Authors: Timothy Doupnik, Hector Perera

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Posted Date: Dec 07, 2023 04:22 AM

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Given the following information, which has been extracted from the financial statements of a company. Net income

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Cash flow from assets CFFA is calculat... View the full answer

International Accounting

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