Martin Mfg Co included the following information for the fiscal ended Dec 31, 2020 Depreciation expense. ...
Martin Mfg Co included the following information for the fiscal ended Dec 31, 2020
Depreciation
expense.
15,000
Increase accounts receivable.20,000
Decrease
inventory.
15,000
Decrease prepaid insurance. 500
Decrease in salaries payable. 20000
Increase in deferred revenue. 5000
Net income is 50000, what is the cash flow?
Please show your work
Homework Answers
Answer:
| Net income | 50,000 | |
| Adjustments: | ||
| Depreciation expense | 15,000 | |
| Increase in accounts receivable | -20,000 | |
| Decrease in inventory | 15,000 | |
| Decrease in prepaid insurance | 500 | |
| Decrease in salaries payable | -20,000 | |
| Increase in deferred revenue | 5,000 | -4,500 |
| Cash flow | 45,500 |
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