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The Following Information Was Prepared for Standard Corporation Net Cash Provided Byflow from Operating Activities Is:equals:
A) $672,000

Question 65

Multiple Choice

The following information was prepared for Standard Corporation: Net income $650,000Gain on sale of equipment 30,000Dividends paid 80,000Decrease in prepaid expenses 16,000Increase in accounts receivable 8,000\begin{array}{|l|r|}\hline \text {Net income } &\$ 650,000 \\\hline \text {Gain on sale of equipment } &30,000 \\\hline \text {Dividends paid } &80,000 \\\hline \text {Decrease in prepaid expenses } &16,000 \\\hline \text {Increase in accounts receivable } &8,000 \\\hline\end{array} Net cash provided byflow from operating activities is:equals:


A) $672,000
B) $628,000
C) $658,000
D) $548,000

Correct Answer:

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