Bankers Company reported net income of $40,000,which included depreciation expense and depletion expense of $21,000 and $18,000,respectively.The following changes also occurred during 2010:
Required:
Calculate cash flows from operating activities.

Question

Bankers Company reported net income of $40,000,which included depreciation expense and depletion expense of $21,000 and $18,000,respectively.The following changes also occurred during 2010:
  Required:
Calculate cash flows from operating activities.

Quizplus · Accepted Answer

The Answer of Bankers Company reported net income of $40,000,which included depreciation expense and depletion expense of $21,000 and $18,000,respectively.The following changes also occurred during 2010:
  Required:
Calculate cash flows from operating activities.

Bankers Company Reported Net Income of $40,000,which Included Depreciation Expense