Mon 8:59 PM Cesipadcart01.apple CengageNoWv2 1Online teaching and learning resou

Question

Mon 8:59 PM Cesipadcart01.apple CengageNoWv2 1Online teaching and learning resource from Cengage Learning mentMain.do?invoker-assignments&takeAssignmentSessionLocatormassignment-take;&inprogress-faise; Adjusting Net Income for Noncash Expenses After adjusting net income for changes in current assets and current liabilit Penguin reports $11,000 in depreciation expense for the year. ies, Penguin Tuxedo's cash from operating activities is $38,300. However Compute cash from operating activities after considering the impact of depreciation. Previous Next 13

Explanation / Answer

Cash Flow Statement (Indirect Method) Particulars Amount $ Cash Flow from Operating Activities 38300 ( after adjustment ) Adjustments Add: Depreciation & Amortisation 11000 Total Cash Flow from Operating Activities 49300

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