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25: ABS has the following data: net income of $120,000, accumulated depreciation of fixed assets at the beginning of the period of $15,000, decrease in inventories of $6,000, positive change in customers of $7,000, decrease in suppliers of $4,000, purchase of computers of $4,600, repayment of loan principal of $8,000, accumulated depreciation of fixed assets at the end of the period of $18,000 Cash flows from operating activities are: Question 24 options: 118 000 $ 105 400 $ 106 000 $ No answer is appropriate 126 000 $

25: ABS has the following data: net income of $120,000, accumulated depreciation of fixed assets at the beginning of the period of $15,000, decrease in inventories of $6,000, positive change in customers of $7,000, decrease in suppliers of $4,000, purchase of computers of $4,600, repayment of loan principal of $8,000, accumulated depreciation of fixed assets at the end of the period of $18,000 Cash flows from operating activities are: Question 24 options: 118 000 $ 105 400 $ 106 000 $ No answer is appropriate 126 000 $

FINANCIAL ACCOUNTING
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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25: ABS has the following data: net income of $120,000, accumulated depreciation of fixed assets at the beginning of the period of $15,000, decrease in inventories of $6,000, positive change in customers of $7,000, decrease in suppliers of $4,000, purchase of computers of $4,600, repayment of loan principal of $8,000, accumulated depreciation of fixed assets at the end of the period of $18,000 Cash flows from operating activities are: Question 24 options: 118 000 $ 105 400 $ 106 000 $ No answer is appropriate 126 000 $
Transcribed Image Text:25: ABS has the following data: net income of $120,000, accumulated depreciation of fixed assets at the beginning of the period of $15,000, decrease in inventories of $6,000, positive change in customers of $7,000, decrease in suppliers of $4,000, purchase of computers of $4,600, repayment of loan principal of $8,000, accumulated depreciation of fixed assets at the end of the period of $18,000 Cash flows from operating activities are: Question 24 options: 118 000 $ 105 400 $ 106 000 $ No answer is appropriate 126 000 $
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