Cho Limited reported net income of $129,500 for the year.A review of the company's balance sheet and income statement also showed the following: $\begin{array}{lr}
\text { Amortization expense for the year } & \$ 16,000 \
\text { Increase in accounts receivable } & \$ 30,000 \
\text { Decrease in inventory } & \$ 18,000 \
\text { Increase in accounts payable } & \$ 5,500 \
\text { Decrease in interest payable } & \$ 3,000
\end{array}$ What was Cho's cash flow from operations for the year?

Question

Quizplus · Accepted Answer

Net income + Amortization expense + Increase in accounts receivable - Decrease in inventory - Increase in accounts payable + Decrease in interest payable = Cash flow from operations129,500 + 16,000 + 30,000 - 18,000 - 5,500 + 3,000 = 136,000

Cho Limited Reported Net Income of $129,500 for the Year