if you have the following information Sales 250,000 Cost of goods sold 260,000 Gross loss (10000) Operating expenses 80,000 Deprecation 20,000 Net income 110000 The following accounts increase Accounts receivable 22000 land 18000 Accounts payable 35000 building 47000 Long term investment 150000 The following accounts decrease : bonds 24000 Rent payable 25000 Common stock 35000 The cash flows from operating activities is: Select one: O a 119000 Ob 118000 O c The correct answer not available Od 115000

if you have the following information Sales 250,000 Cost of goods sold 260,000 Gross loss (10000) Operating expenses 80,000 Deprecation 20,000 Net income 110000 The following accounts increase Accounts receivable 22000 land 18000 Accounts payable 35000 building 47000 Long term investment 150000 The following accounts decrease : bonds 24000 Rent payable 25000 Common stock 35000 The cash flows from operating activities is: Select one: O a 119000 Ob 118000 O c The correct answer not available Od 115000

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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Question

if you have the following information
Sales
250,000
Cost of goods sold
260,000
Gross loss
(10000)
Operating expenses
80,000
Deprecation
20,000
Net income
110000
The following accounts increase
Accounts receivable
22000
land
18000
Accounts payable
35000
building
47000
Long term investment
150000
The following accounts decrease:
bonds
24000
Rent payable
25000
Common stock
35000
The cash flows from operating activities is:
Select one:
O a 119000
O b. 118000
O C The corect answer not available
Od 115000

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