Master Company's net income last year was $88,000 and cash dividends declared and paid to the company stockholders was $60,000.Changes in selected balance sheet accounts for the year appear below:

-The net cash flows from operating activities last year was

Question

Master Company's net income last year was $88,000 and cash dividends declared and paid to the company stockholders was $60,000.Changes in selected balance sheet accounts for the year appear below:  
 
-The net cash flows from operating activities last year was

Quizplus · Accepted Answer

$88,000 + $11,000 - $6,000 + $62,000 + $1,000 - $5,000 + $10,000

Master Company's Net Income Last Year Was $88,000 and Cash