The Vintage Boutique had net income of $50,000. Accounts Receivable increased by $27,000; inventory decreased...
80.2K
Verified Solution
Link Copied!
Question
Accounting
The Vintage Boutique had net income of $50,000. Accounts Receivable increased by $27,000; inventory decreased by $$19,000; accounts payable increased by $3,000 and salaries payable decreased by $1,200. The amount of cash flow from operating activities under the indirect method is:
The Vintage Boutique had net income of $50,000. Accounts Receivable increased by $27,000; inventory decreased by $19,000; accounts payable increased by $3,000 and salaries payable decreased by $1,200. The amount of cash flow from operating activities under the indirect method is O A. $40,200. O B. $43,800. O c. $54,200 O D. $62,200
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
