Using the following information, what is the firm's cash flow from operations? Net Income 170 Decrease in Accounts Receivable 25 Depreciation 50 Increase In Inventory 17 Decrease in Accounts Payable 10 Decrease in Wages Payable 16 Increase in Short Term Deferred Tax Liabilities 37 Gain from the sale of land 13 $226 $176 $152

Using the following information, what is the firm's cash flow from operations? Net Income 170 Decrease in Accounts Receivable 25 Depreciation 50 Increase In Inventory 17 Decrease in Accounts Payable 10 Decrease in Wages Payable 16 Increase in Short Term Deferred Tax Liabilities 37 Gain from the sale of land 13 $226 $176 $152

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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The following information is available for Felix Company: Net income $300 Decrease in plant and equip. $40 Depreciation expense $20 Increase in deferred tax asset $5 Gain on sale of assets $35 Decrease in long-term debt $50 Increase in inventories Decrease in accounts payable $15 $25 What is cash flow from operating activities for Felix Company? Select one O A. $240 O B. $70 O C. $320 O D. $250
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