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Alpha Company had $3 million in net income for fiscal year 2017. Operating activities provided $3.5 million in cash flow after accounting for $500,000 in depreciation, $50,000 loss on asset sale, $5,000 in interest expense, and a $40,000 decrease in accounts payable.
Alpha Company had $3 million in net income for fiscal year 2017. Operating activities provided $3.5 million in cash flow after accounting for $500,000 in depreciation, $50,000 loss on asset sale, $5,000 in interest expense, and a $40,000 decrease in accounts payable.
Alpha Company had $3 million in net income for fiscal year 2017. Operating activities provided $3.5 million in cash flow after accounting for $500,000 in depreciation, $50,000 loss on asset sale, $5,000 in interest expense, and a $40,000 decrease in accounts payable.
For the Fiscal year 2017 Cash flows from operating activities Net income $ 3,000,000.00 Add: Depreciation expense $ 500,000.00 Add: Loss on sale of plant assets $ 50,000.00 Add: Interest expense $ 5,000.00 Less: Decrease in accounts payable -$ 40,000.00 $ 515,000.00 Net cash provided by Operating activities $ 3,515,000.00