Answered

Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Get detailed and precise answers to your questions from a dedicated community of experts on our Q&A platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

A company has provided you with the following details:
Net profit for the year = $10 million
Depreciation charged throughout the year = $2 million
$4 million worth of new inventory has increased
$2 million was expensed as salary throughout the year.

What is the operating cash flow according to US GAAP or IFRS?
A. $10 million
B. $2 million
C. $4 million
D. $6 million

Sagot :

We hope this was helpful. Please come back whenever you need more information or answers to your queries. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.