0 Assuming net income for the year is $245,000 and consider the following information, what is the net cash flows from operating activities? Increase in salaries payable Depreciation expense Increase in prepaid rent Loss on sale of asset Increase in accounts payable Increase in inventory $345.000 $204.500 $234.000 $20,500 9,000 EHA 29,500 1,500 31,000 73,000

0 Assuming net income for the year is $245,000 and consider the following information, what is the net cash flows from operating activities? Increase in salaries payable Depreciation expense Increase in prepaid rent Loss on sale of asset Increase in accounts payable Increase in inventory $345.000 $204.500 $234.000 $20,500 9,000 EHA 29,500 1,500 31,000 73,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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