Answer:
Net cash flow from the operating activities is 69,950
Explanation:
MOSS COMPANY
Cash flow from operating activities
Net income $6,600
Adjustments to reconcile net income
to operating cash flow
Depreciation expense $50,000
Decrease account receivable $14,000
(46,000 - 32,000)
Increase inventory -$11,500
( 55,500 - 67,000)
Increase account payable $11,700
(44,400 - 32,700)
Decrease income tax payable <u>-$850</u>
(2,750 - 3,600)
$63,350 $<u>63,350</u>
Net cash flow from operating activities <u>69,950
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