Accountancy, asked by MuskanTayegam3780, 10 months ago

A new accountant, tia count, put together a preliminary version of medina co.'s financial statements. Medina's net income was $500, its depreciation expense was $100, and its cash flow from operations was $70. The ceo found an error that tia made in computing straight-line depreciation expense, which should have been $150. What is medina's cash flow from operations after fixing this mistake? (you can ignore taxes)

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Answered by aami1463
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Answer:

The new accountant, tia count, put together a preliminary version of medina co.'s financial statements. Medina's net income was $500, its depreciation expense was $100, and its cash flow from operations was $70. The ceo found an error that tia made in computing straight-line depreciation expense, which should have been $150. What is medina's cash flow from operations after fixing this mistake? (you can ignore taxes)

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