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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.

FINANCIAL ACCOUNTING
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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Using the information below, calculate net cash flows from operating activities:

Net income                                   $120,000
Receive cash from issuing stock       80,000
Pay cash for equipment                    90,000
Increase in accounts receivable        10,000
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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