Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Webster Corporation's statement of cash flows for the year ended
December 31, 2009, was prepared using the indirect method, and it
included the following items:
Net income
$ 1,00,000
Noncash adjustments:
Depreciation expense
20,000
Decrease in accounts receivable
8,000
Decrease in inventory
25,000
Increase in accounts payable
10,000
Net cash flows from operating activities $ 1,63,000
Webster Corporation reported revenues from customers of $150,000 in
its 2009 income statement.
What amount of cash did Webster receive from customers during the
year ended December 31, 2009?
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Transcribed Image Text:Webster Corporation's statement of cash flows for the year ended December 31, 2009, was prepared using the indirect method, and it included the following items: Net income $ 1,00,000 Noncash adjustments: Depreciation expense 20,000 Decrease in accounts receivable 8,000 Decrease in inventory 25,000 Increase in accounts payable 10,000 Net cash flows from operating activities $ 1,63,000 Webster Corporation reported revenues from customers of $150,000 in its 2009 income statement. What amount of cash did Webster receive from customers during the year ended December 31, 2009?
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