The following information was taken from the 2017 financial statements of Eiger Corporation, a maker of equipment for mountain and rock climbers: Net income $ 100,000
Depreciation 30,000
Increase (decrease) in
Accounts receivable 110,000
Inventories (50,000 )
Prepaid expenses 15,000
Accounts payable (150,000 )
Salaries payable 15,000
Other current liabilities (70,000 )
Calculate Eiger’s cash flow from operating activities for 2017. (If the cash flow amount is negative, enter your answer with a minus sign.)

Eiger’s cash flow from operating activities for 2017 is - $150,000.

Explanation:

Cash flow from Operating Activities

                                                                                     $

Net income                                                             100,000

Adjustments for non-cash items

Depreciation                                                            30,000

Adjustment fro changes in working capital

Increase in Accounts receivable                         - 110,000

Decrease in Inventories                                         50,000

Increase in Prepaid expenses                              - 15,000

Decrease in Accounts payable                          - 150,000

Increase in Salaries payable                                   15,000

Decrease in Other current liabilities                    - 70,000

Net Cash flow from Operating Activities            -150,000

c

explanation:

answerchemical property;