Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $1.80 million and depreciation of $258,000. The top part Ann's Flowers, Inc.'s 2007 and 2008 balance sheets is listed below (in millions ofdollars).Current assets:2007 2008Cash and marketable securities $3.80 $2.40Accounts receivable4.40 5.806.80 5.40InventoryTotalMultiple ChoiceWhat is the 2008 net cash flow from operating activities for Ann's Flower's, Inc.?O$3,378,000$1,800,000-$1,400,000Current liabilities:2007 2008Accrued wages and taxes $1.08 $1.08Accounts payable3.08 4.40Notes payable10.84 8.12$15.00 $13.60$1,578,000$15.00 $13.60 Total

Cash flows are the cash generated from the operation of the business organisation. In other words,…

Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $1.80 million and depreciation of $258,000. The top part Ann's Flowers, Inc.'s 2007 and 2008 balance sheets is listed below (in millions of dollars). Current assets: 2007 2008 Cash and marketable securities $3.80 $2.40 Accounts receivable 4.40 5.80 Inventory 6.80 5.40 Total $15.00 $13.60 Total What is the 2008 net cash flow from operating activities for Ann's Flower's, Inc.? Multiple Choice O $3,378,000 $1,800,000 Current liabilities: 2007 2008 Accrued wages and taxes $1.08 $1.08 Accounts payable 3.08 4.40 Notes payable 10.84 8.12 $15.00 $13.60 -$1,400,000 $1,578,000

Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $1.80 million and depreciation of $258,000. The top part Ann's Flowers, Inc.'s 2007 and 2008 balance sheets is listed below (in millions of dollars). Current assets: 2007 2008 Cash and marketable securities $3.80 $2.40 Accounts receivable 4.40 5.80 Inventory 6.80 5.40 Total $15.00 $13.60 Total What is the 2008 net cash flow from operating activities for Ann's Flower's, Inc.? Multiple Choice O $3,378,000 $1,800,000 Current liabilities: 2007 2008 Accrued wages and taxes $1.08 $1.08 Accounts payable 3.08 4.40 Notes payable 10.84 8.12 $15.00 $13.60 -$1,400,000 $1,578,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 32BE

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