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3 years ago

The accounting records of EZ Company provided the data below.

Business

1 answer:

Brrunno [24]3 years ago

7 0

Answer:

Net cash flow from operating activities = $62,200

Explanation:

EZ Company

Statement of Cash Flow

Particulars Amount ($)

Net Income 50,000

Net cash flow from operating activities:

Depreciation expense 7,000

Amortization of patent 500

Amortization of premium on bonds 1,000

Decrease in accounts receivable 2,000

Increase in inventory (1,500)

Decrease in salaries payable (800)

Increase in accounts payable 4,000

Net cash used or provided 12,200

Net cash flow from operating activities =$62,200

Cash dividend is a financing activities, that is why it is not added or deducted in the operating activities.

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The amount of finished goods inventory on the balance sheet at year-end is $11,880

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