The Flores Company reported Net Income of $40,000 for the current year. During the year, Account Receivable increased by $14,000; Account Payable decreased by $6,000 and Depreciation Expense was $10,000. The net cash flow provided by operating activities (Net Cash Flow Provided by Operating Activities) in the year is: a. $40,000 b. $70,000 c. $38,000 d. $30,000
The Flores Company reported Net Income of $40,000 for the current year. During the year, Account Receivable increased by $14,000; Account Payable decreased by $6,000 and Depreciation Expense was $10,000. The net cash flow provided by operating activities (Net Cash Flow Provided by Operating Activities) in the year is: a. $40,000 b. $70,000 c. $38,000 d. $30,000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 5MC
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Question
The Flores Company reported Net Income of $40,000 for the current year. During the year,
a. $40,000
b. $70,000
c. $38,000
d. $30,000
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