Question 4:XYZ Co. had the following information in 2020:Sales150000COGS80000Operating expenses (excluding depreciation)Interest expense320008000Тахes30007000Increase in Accounts receivableDecrease in inventoryIncrease in Accounts payableDecrease in other payablesIncrease in interest payableDecrease in tax payable40005000350020001000Prepare operating cash flows using direct method.22

Cash flows from operating activities: It is a section of Statement of cash flow that explains the…

XYZ Co. had the following information in 2020: Sales 150000 COGS 80000 Operating expenses (excluding depreciation) Interest expense 32000 8000 Тахes 3000 Increase in Accounts receivable 7000 4000 Decrease in inventory Increase in Accounts payable Decrease in other payables Increase in interest payable Decrease in tax payable 5000 3500 2000 1000 Prepare operating cash flows using direct method.

XYZ Co. had the following information in 2020: Sales 150000 COGS 80000 Operating expenses (excluding depreciation) Interest expense 32000 8000 Тахes 3000 Increase in Accounts receivable 7000 4000 Decrease in inventory Increase in Accounts payable Decrease in other payables Increase in interest payable Decrease in tax payable 5000 3500 2000 1000 Prepare operating cash flows using direct method.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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