Lense Laboratories' net income was $300,000. Given the account information below, what is the net cash flows from operating activities for Lense Laboratories? Increase in Accounts Receivable$64,000 Increase in Salaries Payable$56,500 Decrease in Inventory$36,500 Depreciation Expense$48,000 Increase in Prepaid Insurance$3,600 Multiple Choice $307,600 $508,600 $388,400 $373,400

1. increase in accounts receivable : It is a increase in current assets. If Accounts receivable are…

Answered: Lense Laboratories' net income was…

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter6: Statement Of Cash Flows

Section: Chapter Questions

Problem 17E

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Lense Laboratories' net income was $300,000. Given the account information below, what is the net cash flows from operating activities for Lense Laboratories?


Increase in Accounts Receivable	$	64,000
Increase in Salaries Payable	$	56,500
Decrease in Inventory	$	36,500
Depreciation Expense	$	48,000
Increase in Prepaid Insurance	$	3,600

Multiple Choice

$307,600
$508,600
$388,400
$373,400

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