Lucia Ltd. reported net income of $135,000 for the year ended December 31, 2013. January 1 balances in accounts receivable and accounts payable were $29,000 and $26,000, respectively. Year-end balances in these accounts were $30,000 and $24,000, respectively. Assuming that all relevant information has been presented, Lucia's cash flows from operating activities would be:
A)$132,000.
B)$134,000.
C)$136,000.
D)$138,000.

Question

Quizplus · Accepted Answer

The Answer of Lucia Ltd. reported net income of $135,000 for the year ended December 31, 2013. January 1 balances in accounts receivable and accounts payable were $29,000 and $26,000, respectively. Year-end balances in these accounts were $30,000 and $24,000, respectively. Assuming that all relevant information has been presented, Lucia's cash flows from operating activities would be:
A)$132,000.
B)$134,000.
C)$136,000.
D)$138,000.

Lucia Ltd Reported Net Income of $135,000 for the Year Ended