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The Following Information Was Prepared for Standard Corporation: Net Cash

Question 76

Multiple Choice

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


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

Correct Answer:

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