The following income statement was drawn from the annual report of Newtown Company: Cash revenue $ 69,800 Depreciation expense (24,900) Accrued interest expense (10,400) Cash operating expenses (29,700) Operating income 4800 Gain on sale of equipment 2600 Net income $ 7400 What is the net cash flow from operating activities? Group of answer choices $40,100 $42,700 $35,300 $32,700 Training

The following income statement was drawn from the annual report of Newtown Company: Cash revenue $ 69,800 Depreciation expense (24,900) Accrued interest expense (10,400) Cash operating expenses (29,700) Operating income 4800 Gain on sale of equipment 2600 Net income $ 7400 What is the net cash flow from operating activities? Group of answer choices $40,100 $42,700 $35,300 $32,700 Training

Name: The following income statement wasdrawn from the annual report ofNewt
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Description: The following income statement wasdrawn from the annual report ofNewtown Company: Cash revenue $69,800 Depreciation expense (24,900)Accrued interest expense (10,400)Cash operating expenses (29,700)Operating income 4800 Gain on saleof equipment 2600

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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