Using the information below, calculate net cash flows from operating activities:Net income $120,000Receive cash from issuing stock 80,000Pay cash for equipment 90,000Increase in accounts receivable 10,000Depreciation expense $ 30,000Increase in accounts payable 5,000Receive cash from sale of land 75,000Pay cash dividends 20,000a. $115,000.b. $155,000.c. $145,000.d. $190,000.
Using the information below, calculate net cash flows from operating activities:Net income $120,000Receive cash from issuing stock 80,000Pay cash for equipment 90,000Increase in accounts receivable 10,000Depreciation expense $ 30,000Increase in accounts payable 5,000Receive cash from sale of land 75,000Pay cash dividends 20,000a. $115,000.b. $155,000.c. $145,000.d. $190,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Using the information below, calculate net
Net income $120,000
Receive cash from issuing stock 80,000
Pay cash for equipment 90,000
Increase in
Depreciation expense $ 30,000
Increase in accounts payable 5,000
Receive cash from sale of land 75,000
Pay cash dividends 20,000
a. $115,000.
b. $155,000.
c. $145,000.
d. $190,000.
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