The following information is available from the current period financial statements: Net income $116,183 Depreciation expense 22,347 Increase in accounts receivable 16,987 Decrease in accounts payable (18,309)
The following information is available from the current period financial statements: Net income $116,183 Depreciation expense 22,347 Increase in accounts receivable 16,987 Decrease in accounts payable (18,309)
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 16MCQ
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The following information is available from the current period financial statements:
Net income | $116,183 |
22,347 | |
Increase in accounts receivable | 16,987 |
Decrease in accounts payable | (18,309) |
The net
a.$58,540
b.$173,826
c.$116,183
d.$103,234
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