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notsponge [240]
3 years ago
6

net income is 180 depreciation is 50 change in asset and liability accounts is 20 what i the cash provided

Business
1 answer:
kiruha [24]3 years ago
7 0

Answer:

Cash provided by operations is $250

Explanation:

<em>If a company has net income of 180, depreciation of 50, change in asset and liability accounts of $20, then cash provided by the operation is?</em>

<em />

Cash flows from operating activities

Net Income                                                     $180

<em>Adjustments to reconcile net loss </em>

<em>to net cash flow from operating activities</em>

Add: Depreciation                               $50

Add: Change in net current assets    <u>$20</u>     <u>$70 </u>

Cash provided by operations                       <u>$250</u>

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