Solution-Reconcile the amount of net income

Reconcile the amount of net income

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Question - Zephre Company reported net income for the year of $ 56,000. Depreciation expense for the year was $ 12,000. During the year, accounts receivable increased by $ 4,000, inventory decreased by $ 6,000, accounts payable increased by $ 3,000, and accrued expenses payable decreased by $ 2,000. Reconcile the amount of net income to the amount of cash provided by or used for operating activities.

Reference no: EM131794155

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Reconcile the amount of net income

Reference no: EM131794155

Reference no: EM131794155

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