The Jensen Company reported depreciation expense of $20,000 and net income of $32,000 on its 2013 income statement. During 2013 the company's accounts receivable balance decreased by $8,000. Based on this information alone, what was the amount of cash flow from operating activities?

Question

Quizplus · Accepted Answer

$32,000 net income + $20,000 depreciation expense + $8,000 decrease in accounts receivable = $60,000

The Jensen Company Reported Depreciation Expense of $20,000 and Net