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3 years ago

MOSS COMPANY

Business

1 answer:

pantera1 [17]3 years ago

4 0

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 -$850

(2,750 - 3,600)

$63,350 $63,350

Net cash flow from operating activities 69,950

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