Randy's Cooking School has accrual basis net income of $189,000 and the following related items: Amortization expense $68,000 Accounts receivable decrease 24,000 Inventory increase 17,000 Interest payable decrease 8,000 Bank loans payable increase 12,000 Dividends paid 10,000 What is Randy's Cooking School's net cash flow from operating activities? Select one: a. $258,000 b. $248,000 c. $256,000 d. $268,000 e. $246,000
Randy's Cooking School has accrual basis net income of $189,000 and the following related items: Amortization expense $68,000 Accounts receivable decrease 24,000 Inventory increase 17,000 Interest payable decrease 8,000 Bank loans payable increase 12,000 Dividends paid 10,000 What is Randy's Cooking School's net cash flow from operating activities? Select one: a. $258,000 b. $248,000 c. $256,000 d. $268,000 e. $246,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Randy's Cooking School has accrual basis net income of $189,000 and the following related items:
Amortization expense $68,000
Inventory increase 17,000
Interest payable decrease 8,000
Bank loans payable increase 12,000
Dividends paid 10,000
What is Randy's Cooking School's net
Select one:
a. $258,000
b. $248,000
c. $256,000
d. $268,000
e. $246,000
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