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Determine the cash flow from operations under the US GAAP

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Reference no: EM133089728

Question - The following information relates to Rigsby Company:

Net income 1,560

Increase in accounts receivable 1,200

Decrease in inventory 1,440

Increase in accounts payable 480

Increase in property, plant and equipment (cost) 480

Increase in bank loans 1,320

Dividends paid to stockholders 240

Depreciation 2,400

Gain on sale of equipment 240

Required - Determine the cash flow from operations under the U.S. GAAP?

Reference no: EM133089728

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