6. Crystal Béll Company generated $48,900 in net income during the year. Included in this number are a deprecation expense of $13,000 and a gain on the sale of equipment of $4,000. In addition, accounts receivable increased by $16,000,inventory decreased by $5,090, accounts payable decreased $4,330 and interest payable increased S1,200. Based on the above information, what would Crystal Bell's cash flow from operations using the indirect method? (A). $54,120 (B). $71,940 (C). $48,900 (D) $43,860

6. Crystal Béll Company generated $48,900 in net income during the year. Included in this number are a deprecation expense of $13,000 and a gain on the sale of equipment of $4,000. In addition, accounts receivable increased by $16,000,inventory decreased by $5,090, accounts payable decreased $4,330 and interest payable increased S1,200. Based on the above information, what would Crystal Bell's cash flow from operations using the indirect method? (A). $54,120 (B). $71,940 (C). $48,900 (D) $43,860

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter4: Financial Planning And Forecasting

Section: Chapter Questions

Problem 1P

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