Operating Activities
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The following information is available for ABC Company for the first month of the year.
Revenues $20,000
Expenses $ 7,500
Increase in accounts receivable $ 500
Increase in inventory $ 1,100
Decrease in supplies $ 300
Decrease in accounts payable $ 1,600
Decrease in wages payable $ 850
Depreciation expense $ 2,230
Determine the cash flow from operating activities.
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Solution Summary
This solution discusses operating activities.
Education
- BA, Ain Shams University, Cairo Egypt
- MBA, California State University, Sacramento
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