Depreciation ExpenseChange in salaries payableGain from sale of equipmentChange in common stockChange in long-term debt17-1281070Company X's net cash flow from operations using the indirect method was:B During 20X1, Company X had net income of $96. In addition, the companyreported the following (increases in assets and liabilities are shown as positive,decreases are shown as negative):Change in accounts receivableDepreciation ExpenseChange in salaries payableGain from sale of equipmentChange in common stock-1517-12co10

calculation of cash flow from operation are as follows

Depreciation Expense Change in salaries payable Gain from sale of equipment Change in common stock -12 8 10 70 Change in long-term debt Company X's net cash flow from operations using the indirect method was:

Depreciation Expense Change in salaries payable Gain from sale of equipment Change in common stock -12 8 10 70 Change in long-term debt Company X's net cash flow from operations using the indirect method was:

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.17E: Profitability metrics The following selected data were taken from the financial statements of The...

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