Selected financial statement information is reported below for Cameron Corporation for the year ended December 31 2012.
Sales 400000
Cost of goods sold 22000
Depreciation expense 30000
Wages expense 34000
Other operating expenses 26000
Net income 90000
Dividends paid 20000
Account balances Dec 31 2012 Dec 31 2011
Cash 25000 37000
Account recevable 30000 40000
Inventory 35000 26000
Wages 10000 8000
Using the above data determine the cash flow from operating activities for the year using the direct method. Show your work.
Selected financial statement information is reported below for Cameron Corporation for the year ended December 31 2012.
Sales 400000
Cost of goods sold 22000
Depreciation expense 30000
Wages expense 34000
Other operating expenses 26000
Net income 90000
Dividends paid 20000
Account balances Dec 31 2012 Dec 31 2011
Cash 25000 37000
Account recevable 30000 40000
Inventory 35000 26000
Wages 10000 8000
Using the above data determine the cash flow from operating activities for the year using the direct method. Show your work.
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