Solution-What amount should lino include as net cash

What amount should lino include as net cash

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Reference no: EM131106507

Lino Co.'s worksheet for the preparation of its year 1 statement of cash flows included the following:

December 31 January 1 Accounts receivable $29,000 $23,000 Allowance for uncollectible accounts 1,000 800 Prepaid rent expense 8,200 12,400 Accounts payable 22,400 19,400 Lino's year 1 net income is $150,000. What amount should Lino include as net cash provided by operating activities in the statement of cash flows?

Reference no: EM131106507

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What amount should lino include as net cash

Reference no: EM131106507

Reference no: EM131106507

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