
Adophus,Inc.'s 2010 income statement reported total revenues of $850,000 and total expenses (including $40,000 depreciation) of $720,000.The 2010 balance sheet reported the following: accounts receivable beginning balance of $50,000 and ending balance of $40,000; accounts payable beginning balance of $22,000 and ending balance of $28,000.Therefore,based only on this information and using the indirect method,the 2010 net cash inflow from operating activities was:
A) $126,000
B) $186,000
C) $166,000
D) $174,000
Correct Answer:
Verified
Q22: A cash inflow from financing activities includes:
A)
Q23: Kraco Corporation reported 2010 net income of
Q24: Norton Company reported total sales revenue of
Q25: As products move through the maturity phase,companies
Q26: As a complement to the balance sheet
Q28: Which of the following is a cash
Q29: A firm's cash flows will differ from
Q30: Tinker Company reported sales revenue of $500,000
Q31: Which of the following statements about the
Q32: The expense incurred by issuing stock options
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents