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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

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?


  • Expert Answer

To calculate the net cash flow from operating activities we need to consider the adjustm View the full answer


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Financial Accounting

Financial Accounting

ISBN: 978-0134127620

11th edition

Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz

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Posted Date: May 26, 2023 04:33:21
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In order to determine the amount of cash created by operating operations, the indirect technique for preparing the statement of cash flows entails adjusting net income with changes in balance sheet.

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