Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 60

Zephre Company reported net income for the year of $68,000.epreciation expense for the year was $15,000.uring the year, accounts receivable increased by $4,000, inventory decreased by $6,000, accounts payable increased by $3,000, and accrued expenses payable decreased by $2,000.econcile the amount of net income to the amount of cash provided by or used for operating activities.