ints) During 2021, Querido Co. reported net income of $337,000. The company also reported the following changes in their balance sheet accounts: a $50,600 decrease in accounts receivable; a $1,011,000 decrease in building; a $27,000 decrease in accounts payable; and a $421,250 increase in bonds payable. They also reported depreciation expense of $67,400. Based on this information, what will Querido Co. show as cash flows from operations in 2021? (AC 29) O $849,250 O $380,800 O $428,000 O $246,000

ints) During 2021, Querido Co. reported net income of $337,000. The company also reported the following changes in their balance sheet accounts: a $50,600 decrease in accounts receivable; a $1,011,000 decrease in building; a $27,000 decrease in accounts payable; and a $421,250 increase in bonds payable. They also reported depreciation expense of $67,400. Based on this information, what will Querido Co. show as cash flows from operations in 2021? (AC 29) O $849,250 O $380,800 O $428,000 O $246,000

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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