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Laser World's Income Statement Reported Total Revenues,$850,000 and Total Expenses

Question 97

Multiple Choice

Laser World's income statement reported total revenues,$850,000 and total expenses (including $40,000 depreciation) of $720,000.The balance sheet reported the following: Accounts Receivable-beginning balance,$50,000 and ending balance,$60,000;Accounts Payable-beginning balance,$22,000 and ending balance,$28,000.Therefore,based only on this information,the net cash inflows from operating activities were:


A) $126,000.
B) $166,000.
C) $174,000.
D) $186,000.

Correct Answer:

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