Answered: A debt-free firm has profit for the…

A debt-free firm has profit for the year of $210 000, taxes of $55 822.78 and depreciation of $42 000. What is the operating cash flow?

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter23: Statement Of Cash Flows

Section: Chapter Questions

Problem 8CE

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Question

A debt-free firm has profit for the year of $210 000, taxes of $55 822.78 and depreciation of $42 000. What is the operating cash flow?

Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video

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