For the fiscal year just ended, Doran Electronics had the following results. Net income $920,000 Depreciation expense 110,000 Increase in accounts payable 45,000 Increase in accounts receivable 73,000 Increase in deferred income tax liability 16,000 Doran's net cash flow from operating activities is
For the fiscal year just ended, Doran Electronics had the following results. Net income $920,000 Depreciation expense 110,000 Increase in accounts payable 45,000 Increase in accounts receivable 73,000 Increase in deferred income tax liability 16,000 Doran's net cash flow from operating activities is
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 5MC
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For the fiscal year just ended, Doran Electronics had the following results.
Net income $920,000
Depreciation expense 110,000
Increase in accounts payable 45,000
Increase in accounts receivable 73,000
Increase in
Doran's net
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