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snow_lady [41]
3 years ago
14

Fruitvale Company prepared the following income statement for 2018:

Business
1 answer:
Mashutka [201]3 years ago
7 0

Answer:

$32

Explanation:

Particulars                                    Amount

<u>Cash from operating activities</u>

Net Income                                     $32

Add: Loss on sale of land              $4

Depreciation Expense                   $14

<u><em>Working Capital Changes</em></u><em> </em>

Increase in Accounts Payable        $9

Increase in Accounts Receivable  -$19

Increase in Inventory                      -$7

Decrease in Wages Payable          <u>-$1</u>

Cash flow from operations            <u>$32</u>

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