Statement of Cash Flows Paige's Properties Inc. reported 2008 net income of $5 million and depreciation of $1,500,000. The top part Paige's Properties, Inc.'s 2007 and 2008 balance sheets is listed below (in millions of dollars). What is the 2008 net cash flow from operating activities for Paige's Properties, Inc.?
A) -$13,500,000
B) $1,500,000
C) $5,000,000
D) $6,500,000

Question

Statement of Cash Flows Paige's Properties Inc. reported 2008 net income of $5 million and depreciation of $1,500,000. The top part Paige's Properties, Inc.'s 2007 and 2008 balance sheets is listed below (in millions of dollars).  What is the 2008 net cash flow from operating activities for Paige's Properties, Inc.?
A) -$13,500,000 
B) $1,500,000 
C) $5,000,000 
D) $6,500,000

Quizplus · Accepted Answer

The Answer of Statement of Cash Flows Paige's Properties Inc. reported 2008 net income of $5 million and depreciation of $1,500,000. The top part Paige's Properties, Inc.'s 2007 and 2008 balance sheets is listed below (in millions of dollars).  What is the 2008 net cash flow from operating activities for Paige's Properties, Inc.?
A) -$13,500,000 
B) $1,500,000 
C) $5,000,000 
D) $6,500,000