ABC Corporation had the following information for the year 2022:   Cash collected from customers: $300,000 Cash paid to suppliers: $150,000 Cash paid for operating expenses: $50,000 Cash paid for interest expense: $10,000 Cash paid for income taxes: $20,000 Calculate the net cash flow from operating activities.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
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ABC Corporation had the following information for the year 2022:

 

Cash collected from customers: $300,000

Cash paid to suppliers: $150,000

Cash paid for operating expenses: $50,000

Cash paid for interest expense: $10,000

Cash paid for income taxes: $20,000

Calculate the net cash flow from operating activities.

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