The balance sheet for Blineberry Corporation follows:

Operating income during the period was $18,000,while cash dividends paid were $17,400.The total sources of cash at Blineberry Corporation during the year was

Question

The balance sheet for Blineberry Corporation follows:

Operating income during the period was $18,000,while cash dividends paid were $17,400.The total sources of cash at Blineberry Corporation during the year was

Quizplus · Accepted Answer

To find the total sources of cash, we need to add net income, depreciation, and decrease in accounts receivable to the cash dividends paid. Therefore,
$33,150 (net income) + $15,000 (depreciation) - $750 (decrease in accounts receivable) + $17,400 (cash dividends paid) = $48,050. Thus, option C is correct.

The Balance Sheet for Blineberry Corporation Follows