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Less: Cost of goods sold Gross margin Less: Operating expenses (includes $8,550 depreciation and $4,997 bad debts) Income from operations Other: Gain on sale of investments Loss on sale of machinery Net income (a) 378,400 158,500 119,700 38,800 $3,800 (800) 3,000 $41,800 Compute net cash flow from operating activities using the direct method. (Enter negative amounts using either a ne preceding the number e.g. -45 or parentheses e.g. (45).) Net cash flow from operating activities SA

Less: Cost of goods sold Gross margin Less: Operating expenses (includes $8,550 depreciation and $4,997 bad debts) Income from operations Other: Gain on sale of investments Loss on sale of machinery Net income (a) 378,400 158,500 119,700 38,800 $3,800 (800) 3,000 $41,800 Compute net cash flow from operating activities using the direct method. (Enter negative amounts using either a ne preceding the number e.g. -45 or parentheses e.g. (45).) Net cash flow from operating activities SA

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 6MCQ: Which of the following statements is true? a. Net cash flow from operating activities must be...
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Less: Cost of goods sold Gross margin Less: Operating expenses (includes $8,550 depreciation and $4,997 bad debts) Income from operations Other: Gain on sale of investments Loss on sale of machinery Net income (a) 378,400 158,500 119,700 38,800 $3,800 (800) 3,000 $41,800 Compute net cash flow from operating activities using the direct method. (Enter negative amounts using either a ne preceding the number e.g. -45 or parentheses e.g. (45).) Net cash flow from operating activities SA
Transcribed Image Text:Less: Cost of goods sold Gross margin Less: Operating expenses (includes $8,550 depreciation and $4,997 bad debts) Income from operations Other: Gain on sale of investments Loss on sale of machinery Net income (a) 378,400 158,500 119,700 38,800 $3,800 (800) 3,000 $41,800 Compute net cash flow from operating activities using the direct method. (Enter negative amounts using either a ne preceding the number e.g. -45 or parentheses e.g. (45).) Net cash flow from operating activities SA
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