Working Backwards from Cash from Operations to Net Income
Stamper Company’s statement of cash flows shows cash flow from operations of $184,000.
The following items also appear on Stamper’s balance sheet and income statement:
|
Depreciation expense |
$40,000 |
|
Accounts receivable increase |
12,000 |
|
Inventory decrease |
28,000 |
|
Accounts payable decrease |
8,000 |
What is Stamper’s net income?