Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. use tiie income statement and the list of changes

Use tiie income statement and the list of changes to answer the question. Nippon Technology...

50.1K

Verified Solution

Question

Accounting

image

Use tiie income statement and the list of changes to answer the question. Nippon Technology Income Statement January 1 to December 31, 2017 (amounts in thousands) Revenue 8,700 1,740 6,960 870 1,200 400 4,490 50 4,440 1,776 2,664 Cost of Goods Sold (COGS) Gross Income Sales, General, & Administrative Expenses (SG&A) Depreciation Expense Other Expenses Earnings Before Interest & Taxes (EBIT) Interest Pre-Tax Income Income Taxes Net Income Between January 1 and December 31, 2017: 1. Accounts Receivable decrease by $600,000 2. Accounts Payable increase by $800,000 3. Gross Property, Plant, & Equipment increase by $7,300,000 4. Long Term Debt decreases by $400,000 Assume no other changes What is the Net Cash Flow

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students