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Calculate the net cash flow provided by operations

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Reference no: EM131800281

The financial statements of Simon Co. include the following items (amounts in thousands):

Income Statement

For the Year Ended December 31, 2014

Required:

a. Calculate the net cash flow provided by operations for Simon Co. for the year ended December 31, 2014. (Enter your answer in thousands. (i.e., 20,000 should be entered as 20))

Net cash provided by operating activities:

b. Net income and cash flows provided by operations may differ because of the timing of cash receipts and payments versus the timing of recognition on the income statement.

Net income   $ 429     
  Depreciation and amortization expense     318     

  At December 31
  Balance Sheets 2014 2013
  Accounts receivable $ 130   $ 162  
  Inventory   156     140  
  Accounts payable   39     153  
  Income taxes payable   61     42  

Reference no: EM131800281

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