Calculate the amount of cash flow from operating activities from the following information. Cash received from customers is $420,000, cash paid for wages and expenses is $230,000, depreciation of motor vehicles is $24,000, cash received from the sale of equipment is $25,000, and gain on the sale of the equipment is $23,000. a. $215,000 b. $166,000 c. $190,000 d. $191,000
Calculate the amount of cash flow from operating activities from the following information. Cash received from customers is $420,000, cash paid for wages and expenses is $230,000, depreciation of motor vehicles is $24,000, cash received from the sale of equipment is $25,000, and gain on the sale of the equipment is $23,000. a. $215,000 b. $166,000 c. $190,000 d. $191,000
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 8MCQ: Which item is added to net income when computing cash flows from operating activities? a. Gain on...
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![Calculate the amount of cash flow from operating activities from the following
information. Cash received from customers is $420,000, cash paid for wages and
expenses is $230,000, depreciation of motor vehicles is $24,000, cash received from the
sale of equipment is $25,000, and gain on the sale of the equipment is $23,000.
a. $215,000
b. $166,000
c. $190,000
d. $191,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2daf7a9a-f30c-4262-b63f-c2ce407bf503%2F097e6b42-d64e-43f1-af18-24c85162c3a6%2Fhwj68v_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Calculate the amount of cash flow from operating activities from the following
information. Cash received from customers is $420,000, cash paid for wages and
expenses is $230,000, depreciation of motor vehicles is $24,000, cash received from the
sale of equipment is $25,000, and gain on the sale of the equipment is $23,000.
a. $215,000
b. $166,000
c. $190,000
d. $191,000
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