Amazing glory inc. recognized a net income of 55000, Ask an Expert

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Amazing Glory, Inc. recognized a net income of $55,000 including $8,000 in depreciation expense.

Additional changes from the balance sheet are as follows.
Accounts Receivable $1,200 decrease
Prepaid Expenses $600 decrease
Inventory $14,600 increase
Accrued Liabilities $1,000 decrease
Accounts Payable $2,100 increase

Compute the net cash from operating activities based on the above information

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M942676

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