The following information was prepared for Standard Corporation: $$\begin{array} { l r }
\text { Net income } & \$ 650,000 \
\text { Gain on sale of equipment } & 30,000 \
\text { Dividends paid } & 80,000 \
\text { Decrease in prepaid expenses } & 16,000 \
\text { Increase in accounts receivable } & 8,000
\end{array}$$ Net cash flow from operating activities equals:
A) $672,000
B) $628,000
C) $658,000
D) $548,000

Question

The following information was prepared for Standard Corporation: $$\begin{array} { l r } 
\text { Net income } & \$ 650,000 \
\text { Gain on sale of equipment } & 30,000 \
\text { Dividends paid } & 80,000 \
\text { Decrease in prepaid expenses } & 16,000 \
\text { Increase in accounts receivable } & 8,000
\end{array}$$ Net cash flow from operating activities equals:
A) $672,000
B) $628,000
C) $658,000
D) $548,000

Quizplus · Accepted Answer

The Answer of The following information was prepared for Standard Corporation: $$\begin{array} { l r } 
\text { Net income } & \$ 650,000 \
\text { Gain on sale of equipment } & 30,000 \
\text { Dividends paid } & 80,000 \
\text { Decrease in prepaid expenses } & 16,000 \
\text { Increase in accounts receivable } & 8,000
\end{array}$$ Net cash flow from operating activities equals:
A) $672,000
B) $628,000
C) $658,000
D) $548,000

The Following Information Was Prepared for Standard Corporation Net Cash Flow from Operating Activities Equals: A) $672,000 B)

The Following Information Was Prepared for Standard Corporation Net Cash Flow from Operating Activities Equals:
A) $672,000
B)