Loading...
CFA Level 1
Financial Reporting and Analysis

Net Cash Provided from Operating Activities Calculation

Hard Financial Statements Cash Flow Statement

In analyzing the cash flow statement of LMN Electronics for the year ending December 31, 2023, it was discovered that the company reported a net income of $500,000. Additionally, LMN Electronics made a large capital expenditure in new machinery of $150,000 during the year, while also selling an old piece of equipment for $50,000, which had a book value of $30,000. The company reported a depreciation expense of $75,000 for the year. What would be the net cash provided from operating activities in LMN Electronics' cash flow statement using the indirect method?

Hint

Submitted9.6K
Correct8.1K
% Correct84%