Assuming Net Income for the year is $115,000, what is the Operating Cash Flows given the following information: $$\begin{array} { l r }
\text { Increase in Salaries Payable } & \$ 15,000 \
\text { Depreciation Expense } & \$ 6,000 \
\text { Increase in Prepaid Rent } & \$ 24,000 \
\text { Loss on sale of asset } & \$ 1,000 \
\text { Increase in Accounts Payable } & \$ 25,000 \
\text { Increase in Inventory } & \$ 50,000
\end{array}$$

Question

Assuming Net Income for the year is $115,000, what is the Operating Cash Flows given the following information: $$\begin{array} { l r } 
\text { Increase in Salaries Payable } & \$ 15,000 \
\text { Depreciation Expense } & \$ 6,000 \
\text { Increase in Prepaid Rent } & \$ 24,000 \
\text { Loss on sale of asset } & \$ 1,000 \
\text { Increase in Accounts Payable } & \$ 25,000 \
\text { Increase in Inventory } & \$ 50,000
\end{array}$$

Quizplus · Accepted Answer

The Answer of Assuming Net Income for the year is $115,000, what is the Operating Cash Flows given the following information: $$\begin{array} { l r } 
\text { Increase in Salaries Payable } & \$ 15,000 \
\text { Depreciation Expense } & \$ 6,000 \
\text { Increase in Prepaid Rent } & \$ 24,000 \
\text { Loss on sale of asset } & \$ 1,000 \
\text { Increase in Accounts Payable } & \$ 25,000 \
\text { Increase in Inventory } & \$ 50,000
\end{array}$$

Assuming Net Income for the Year Is $115,000, What Is