If net income in 2008 = $949, and if the following changes occur between 2007 an

Question

If net income in 2008 = $949, and if the following changes occur between 2007 and 2008, compute Net Cash Flow from Operating Activities for 2008:

Accounts receivable change from $300 to $108
Accruals change from $324 to $124
Inventory changes from $216 to $391
Accounts payable change from $350 to $111
Accumulated depreciation changes from ($400) to ($500)

Record your answer as a whole number but do not include a dollar sign or commas. If your answer is negative, put a minus sign before your number with no space between the sign and the number.

Explanation / Answer

CF from Op Activitis :- Net Income 949 Add Back Dep (500-400) 100 Inc in CA : Inventory (216-319) -103 Dec in CA: Acct Rx (300-108) 192 Dec in CL :Acct Pay (111-350) -239 Accrual: Change in Cash (124-324) -200 ====================================== CF from Op activities 699

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