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Webster Corporation statement of cash flow for the year ended December 31, 2011 was prepared using indirect method, and it included the following

Net income 100,000
Noncash adjustments
Depreciation expense 20,000
Decrease in account receivable 8,000
Decrease in inventory 25,000
Increase in accounts payable 10,000
Net cash flow from operation activities 163,000

Revenues 150,000 from income statement

A. What amount of cash did Webster receive from customers during the year ended December 31, 2011?

B. Did depreciation expense provide cash inflow? Comment.

Accounting Basics, Accounting

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  • Reference No.:- M946312

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