90.2K
Verified Solution
Link Copied!
Batra Company prepares the statement of cash flows using the indirect method and provided the following income statement:
Sales revenue | $240,000 | |
Interest revenue | 1,000 | |
Gain on sale of plant assets | 4,000 | |
Total revenues and gains | | $245,000 |
Cost of goods sold | 110,000 | |
Salary expense | 45,000 | |
Depreciation expense | 12,000 | |
Other operating expenses | 23,000 | |
Interest expense | 1,000 | |
Income tax expense | 5,000 | |
Total expenses | | $196,000 |
Net income (loss) | | $49,000 |
Other information provided:
Current assets other than cash increase by $24,000.
Current liabilities increase by $1,000.
How much is the Net cash flow provided by operations?
Answer & Explanation
Solved by verified expert