Suppose Lightspeed Industries has the following results related to cash flows for 2022: Net Income of $8,800,000
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Question:
Suppose Lightspeed Industries has the following results related to cash flows for 2022:
Net Income of $8,800,000
Increase in Accounts Payable of $900,000
Decrease in Accounts Receivable of $300,000
Increase in Inventory of $400,000
Assuming no other cash flow adjustments than those listed above, create a statement of cash flows with amounts in thousands.
What is the Net Cash Flow from Operating Activities?
Related Book For
Financial Accounting
ISBN: 978-0134127620
11th edition
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
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