The document reports an income statement and changes in non-cash current assets and current liabilities. It shows a net income of $745,992 with adjustments for non-cash items like depreciation and amortization. It also lists changes in working capital, with decreases in accounts receivable, inventory, and accounts and salary payable, resulting in a total cash flow from operating activities of $724,410.

1. The following income statement and information about changes in noncash current assets and
current liabilities are reported.
The following income statement and information about changes in noncash current assets and
current liabilities are reported.
Solution
Cash Flow from Operating Activities:
thertefore, Cash Flow From Operating Activities = 724410
Thanks
Net Income 745992
Adjustmnt: Non Cash & Non Operating Items:
Less: Gain on Sale of Equipment 9564
Add: Amortisation Expenses 7173
Add: Depreciatin 57384
CASH FROM OPERATIONS 800985
Adj: Working Capital Changes :
Accounts Receivable (Less) 25250
Inventory (Less) 37850
Decrease in Accounts payable & salary Payable(8675 +5100) (Less) 13475