Solution-Calculate the net cash flow from operating

Calculate the net cash flow from operating activities

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Reference no: EM132254597

Question - The following information is available for XYZ Company:

	January 1, 2016	December 31, 2016
ASSETS
Cash	$31,000	$20,000
Accounts receivable	74,000	80,000
Supplies	10,000	7,000
Land	50,000	40,000
Equipment	20,000	36,000
Accumulated depreciation	6,000	8,000
Patent	0	6,000
LIABILITIES + EQUITY
Accounts payable	$15,000	$19,000
Short-term notes payable	22,000	13,000
Salaries payable	17,000	1,000
Common stock	40,000	50,000
Retained earnings	85,000	98,000

During 2016, XYZ Company paid dividends of $12,000, recorded depreciation expense of $2,000, and sold land costing $10,000 for $17,000 cash.

Using the indirect method, calculate the net cash flow from operating activities for 2016. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234).

Reference no: EM132254597

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Calculate the net cash flow from operating activities

Reference no: EM132254597

Reference no: EM132254597

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