Cash flow
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Following income statement was drawn from the annual report of a company:
Cash revenue $30,000
Depreciation expense (10,000)
Accrued interest expense (3,000)
Cash operating expense (12,000)
Operating income 5,000
Gain on Sale of asset 600
Net income $5,600
The amount of cash flow form operating activities is:
a)$18,600 b)18,000 c)13,000 d)12,400.
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Solution Summary
Solution explains how to calculate the amount of cash flow from operating activity.
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