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2 years ago

Use the following information to perform the calculations below (using the indirect method).

Business

1 answer:

daser333 [38]2 years ago

7 0

Answer:

a) cash flow from operating activities

net income $650,000

adjustments:

depreciation expense $96,000

accounts payable $38,000

accounts receivable -$22,800

inventory -$57,000

prepaid insurance -$8,400

net cash flow from operating activities $695,800

b) cash flow from investing activities

Sale of long term investments $57,500

Purchase of long term assets -$610,000

Long term assets exchanged for common stocks $113,000

net cash flow from investing activities -$439,500

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3 years ago

Read 2 more answers

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Aleks04 [339]

Answer:

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Explanation:

Data provided in the question:

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Cash flow Probability

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Tax rate = 0%

Now,

Interest on loan = 8% of $50,000

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