The financial statement data below are for Wolf Creek Company. Sales $700 Cost of goods sold (450)
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Question:
The financial statement data below are for Wolf Creek Company.
Sales | $700 |
Cost of goods sold | (450) |
Depreciation expense | (100) |
Net income | $150 |
Ending | Beginning | |
Accounts receivable | 70 | 100 |
Inventory | 150 | 220 |
Accounts payable | 25 | 10 |
Compute Wolf Creek Company's OPERATING CASH FLOW for the year.
- $250 inflow
- $365 inflow
- $335 inflow
- $225 inflow
- $305 inflow
- $350 inflow
- $295 inflow
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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