Reference no: EM132748884
Question - The following information is given for Tripp Company, which uses the indirect method.
Net income $20,000
Depreciation expense 3,000
Increase in accounts receivable 2,000
Payment of dividends 2,000
Proceeds from sale of equipment 6,000
Increase in accounts payable 4,000
Decrease in inventory 3,000
Required - From the information provided, answer the following questions:
1. Compute the cash flow from operating activities?
2. Compute the cash flow from investing activities?
3. Compute the cash flow from financing activities?
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: The following information is given for Tripp Company, which uses the indirect method. Net income $20,000. Compute the cash flow from investing activities
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