Reported Net Income for ABC for 2013 Was $20,000

question 37

Essay

Reported net income for ABC for 2013 was $20,000.Additional information is as follows: The Statement of Cash Flows,indirect method,would report cash flow from operations of
$_______________________.

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Definitions:

Cash Disbursements

The process of paying out cash for various purposes, which could include expenses, investments, or dividends.

Master Budget

A comprehensive financial planning document that includes all of the subsidiary budgets within an organization, projecting its financial activities for the period.

Raw Materials Production Needs

The quantity and type of raw materials required to meet production schedules for finished goods.

Finished Goods

Products that have completed the manufacturing process but have not yet been sold or distributed to the end consumer.