According to the information given in the table below, which of the following is cash flow from operating activities? Net income 95,000 Deprecation 38,000 Decrease in Accounts Receivable 24,000 Increase in Inventory 19,000 Decrease in Accounts Payable 29,000 Select one: a. 109000 b. 118000 c. 125000 d. 133000
According to the information given in the table below, which of the following is cash flow from operating activities? Net income 95,000 Deprecation 38,000 Decrease in Accounts Receivable 24,000 Increase in Inventory 19,000 Decrease in Accounts Payable 29,000 Select one: a. 109000 b. 118000 c. 125000 d. 133000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 9MCQ: Refer to the information for Cornett Company above. What amount should Cornett report on its...
Related questions
Question
According to the information given in the table below, which of the following is cash flow from operating activities?
Net income | 95,000 |
Deprecation | 38,000 |
Decrease in |
24,000 |
Increase in Inventory | 19,000 |
Decrease in Accounts Payable | 29,000 |
Select one:
a. 109000
b. 118000
c. 125000
d. 133000
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Financial Accounting
Accounting
ISBN:
9781305088436
Author:
Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub