The financial statements of Simon Co. include the following items (amounts in thousands):

Income Statement	For the Year Ended December 31, 2017
Net income	$	432
Depreciation and amortization expense		313

	At December 31
Balance Sheets	2017			2016
Accounts receivable	$	145		$	185
Inventory		184			109
Accounts payable		32			146
Income taxes payable		72			15

Required:

a. Calculate the net cash flow provided (used) by operations for Simon Co. for the year ended December 31, 2017. (Enter your answer in thousands. (i.e., 20,000 should be entered as 20))

Net cash provided (used) by operating activities

b. Net income and cash flows provided by operations may differ because of the timing of cash receipts and payments versus the timing of recognition on the income statement.

Answer rating: 100% (QA)

a To calculate the net cash flow provided used by operations for Simon Co for the year ended Decembe... View the full answer