A company had net income of 298194 depreciation expense is


Question: A company had net income of $298,194. Depreciation expense is $29,125. During the year, Accounts Receivable and Inventory increased by $17,460 and $38,322, respectively. Prepaid Expenses and Accounts Payable decreased by $1,922 and $6,662, respectively. There was also a loss on the sale of equipment of $4,462. How much cash was provided by operating activities?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: A company had net income of 298194 depreciation expense is
Reference No:- TGS02542373

Now Priced at $10 (50% Discount)

Recommended (91%)

Rated (4.3/5)