Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. xyz company had net income for the year of $65,000

XYZ Company had Net Income for the year of $65,000. Depreciation Expense for the year...

80.2K

Verified Solution

Question

Accounting

XYZ Company had Net Income for the year of $65,000. Depreciation Expense for the year was $10,000. Inventory increased by $8,000 during the year, and Accounts Payable increased by $6,000. What was the Net Cash Flow from Operating Activities using the Indirect Method (assume that no other account balances changed that would impact the computation).

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What is the value of 3 5 b and c 2 5 ac C 2...

Algebra
Q

1. Statistics are used to infer something about the __________________. 2.A population has mean μ = 19...

Statistics
Q

Answer Q1-Q4 choose a, b, c,d and e for each questions to Answer Q1.If you find a...

Biology
Q

ne of the following limits requires algebraic simplification to evaluate while the other does not...

Calculus
Q

help 45. On June 1,2023 , Nico places in service a...

Accounting
Q

Explain how the supply and demand for the companys industry may affect consumer behavior. Include...

Accounting
Q

This week we have discussed and defined the types of business structures along with their...

Accounting
Q

The following account balance information is from the accounting records of Ross Company. Use these...

Accounting
Q

k 5 Help Save & Ch James Corp. applies overhead on the basis of direct...

Accounting
Q

company estimates the equipment will have a residual value of $26,000. While You Wait Copy...

Accounting
Q

Soru No 02 15 Puan Her birinin rnekleriyle kr ve faiz kavramlarn birbirinden...

Finance
Q

Answer: Practice Question 36 12%. Tanner, Inc. issued a 10%, 5-year, $100,000 bond when the...

Accounting