Rogers Company reported net income of $33,858 for the year. During the year, accounts receivable increased by $7,052, accounts payable decreased by $2,151 and depreciation expense of $70,819 was recorded. Net cash flows from operating activities for the year is a. $109,578 b. $95,474 c. $33,858 d. $113,880
Rogers Company reported net income of $33,858 for the year. During the year, accounts receivable increased by $7,052, accounts payable decreased by $2,151 and depreciation expense of $70,819 was recorded. Net cash flows from operating activities for the year is a. $109,578 b. $95,474 c. $33,858 d. $113,880
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 5MC
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Question
![Rogers Company reported net income of $33,858 for the year. During the year, accounts receivable increased by
$7,052, accounts payable decreased by $2,151 and depreciation expense of $70,819 was recorded. Net cash flows
from operating activities for the year is
a. $109,578
b. $95,474
c. $33,858
d. $113,880](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6094171c-bdfa-43e3-a2ef-cb4feb9fb0da%2F91581b16-73fc-4205-ad29-06c83d120313%2Fl0480b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Rogers Company reported net income of $33,858 for the year. During the year, accounts receivable increased by
$7,052, accounts payable decreased by $2,151 and depreciation expense of $70,819 was recorded. Net cash flows
from operating activities for the year is
a. $109,578
b. $95,474
c. $33,858
d. $113,880
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