Basu World's income statement reported total revenues of $860,000 and total expenses (including $42,000 depreciation) of $735,000. The balance sheet reported the following: Accounts Receivable-beginning balance, $59,000 and ending balance, $64,000, Accounts Pay beginning balance, $24,000 and ending balance, $30,000. Therefore, based only on this information, the net cash flows from operating activities were: Multiple Choice O O O $126,000. $82,300. $166,150. $168,000.

Basu World's income statement reported total revenues of $860,000 and total expenses (including $42,000 depreciation) of $735,000. The balance sheet reported the following: Accounts Receivable-beginning balance, $59,000 and ending balance, $64,000, Accounts Pay beginning balance, $24,000 and ending balance, $30,000. Therefore, based only on this information, the net cash flows from operating activities were: Multiple Choice O O O $126,000. $82,300. $166,150. $168,000.

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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