Using the information below, calculate net cash flows from operating activities: Net income Receive cash from issuing stock Pay cash for equipment Increase in accounts receivable Depreciation expense Increase in accounts payable Receive cash from sale of land Pay cash dividends $120,000 80,000 90,000 10,000 30,000 5,000 75,000 20,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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O
$155,000.
$190,000.
$115,000.
$145,000.
Transcribed Image Text:Multiple Choice O $155,000. $190,000. $115,000. $145,000.
Using the information below, calculate net cash flows from operating activities:
Net income
Receive cash from issuing stock
Pay cash for equipment
Increase in accounts receivable
Depreciation expense
Increase in accounts payable
Receive cash from sale of land
Pay cash dividends
$120,000
80,000
90,000
10,000
30,000
5,000
75,000
20,000
Transcribed Image Text:Using the information below, calculate net cash flows from operating activities: Net income Receive cash from issuing stock Pay cash for equipment Increase in accounts receivable Depreciation expense Increase in accounts payable Receive cash from sale of land Pay cash dividends $120,000 80,000 90,000 10,000 30,000 5,000 75,000 20,000
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