Grau Company reported sales revenue of $100,000 and total expenses of $90,000 (including depreciation) for the year ended December 31, 2013. During 2013, accounts receivable decreased by $4,000, merchandise inventory increased by $3,000, accounts payable increased by $2,000, and depreciation expense of $7,000 was recorded. The net cash inflow from operating activities for 2013 was: A) $18,000 how do you get this answer?
Grau Company reported sales revenue of $100,000 and total expenses of $90,000 (including depreciation) for the year ended December 31, 2013. During 2013, accounts receivable decreased by $4,000, merchandise inventory increased by $3,000, accounts payable increased by $2,000, and depreciation expense of $7,000 was recorded. The net cash inflow from operating activities for 2013 was: A) $18,000 how do you get this answer?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 5MC
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Grau Company reported sales revenue of $100,000 and total expenses of $90,000 (including
A) $18,000 how do you get this answer?
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