Table 17-7
The accounting records of McKal Chocolates Ltd. reveal the following:

-Refer to Table 17-7.Assume that McKal Chocolates Ltd.used the direct-method to prepare their cash flow statement.What would be the net cash flow from operating activities?
A) $253,000
B) $113,050
C) $121,050
D) $111,050

Question

Table 17-7
The accounting records of McKal Chocolates Ltd. reveal the following:
 
-Refer to Table 17-7.Assume that McKal Chocolates Ltd.used the direct-method to prepare their cash flow statement.What would be the net cash flow from operating activities?
A) $253,000 
B) $113,050 
C) $121,050 
D) $111,050

Quizplus · Accepted Answer

B) $253,000 - 85,000 - 46,950 - 8,000

Table 17-7 The Accounting Records of McKal Chocolates Ltd. Reveal the Following