Question 19 of 31 FDickens Co. reported net income of $58,000 for the year ended December 31, 2022. January 1balances in accounts receivable and accounts payable were $26,000 and $26,500 respectively.Year-end balances in these accounts were $21,000 and $30,000, respectively. January 1 balances inlong-term notes receivable and long-term notes payable were $131,000 and $96,500 respectively.Year-end balances in these accounts were $113,000 and $84,000, respectively. Assuming that allrelevant information has been presented, Dickens Co's cash flows from operating activities wouldbe:A$66,500B$59,500C$58,000D$67,000E$56,500Nopol

B. $59,500.Explanation:Start with Net Income: $58,000 Adjust for Non-Cash Expenses:Depreciation…

Answered: Question 19 of 31 F Dickens Co.…

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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