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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Determining Net Cash Flow from Operating Activities

An analysis of the balance sheet and income statement of Sanchez Company revealed the following: net income, $12,750; depreciation expense, $32,600; decrease in accounts receivable, $21,500; increase in inventory, $18,300; increase in accounts payable, $19,800; and decrease in interest payable of $1,200.

Required:

Compute the net cash flows from operating activities using the indirect method.

To determine

Introduction:

Cash from operating activities usually refers to the first section of the statement of cash flows. Cash from operating activities focuses on the cash inflows and outflows from a company’s main business activities of buying and selling merchandise, giving services, and so forth.

To choose:

Compute the net cash flow from operating activities using the indirect method.

Explanation

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