Assume net income was $100,000,depreciation expense was $8,000,accounts receivable decreased by $7,500,and accounts payable decreased by $2,500.The amount of cash flows from operating activities is:
A) $103,000.
B) $100,000.
C) $108,000.
D) $113,000.
Correct Answer:
Verified
Q75: In preparing a statement of cash flows
Q76: Innovative Products reported net income of $205,000.Beginning
Q77: In preparing a statement of cash flows
Q78: Mary's Music Store reported net income of
Q79: Arrow Printers paid $2,000 interest on short-term
Q81: _ is an investing cash flow and
Q82: Cash flows from investing activities do not
Q84: Which of the following statements is true?
Q85: Which of the following is an example
Q99: Cash flows from financing activities include:
A) Interest
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents