Webster corporation reported revenues

Reference no: EM131002078

Webster Corporation's statement of cash flows for the year ended December 31, 2007, was prepared using the indirect method, and it included the following items:

Net income Noncash adjustments:	$100,000
Depreciation expense	20,000
Decrease in accounts receivable	8,000
Decrease in inventory	25,000
Increase in accounts payable	10,000
Net cash flows from operating activities	$163,000

Note: Webster Corporation reported revenues from customers of $150,000 in its 2007 income statement.

Required

a. What amount of cash did Webster receive from customers during the year ended December 31, 2007?

b. Did depreciation expense provide cash inflow? Comment.

Reference no: EM131002078

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