Question
39) Company A had the following information available at the end of the year: Cash Flow from Operations: $1,000 Depreciation Expense $400 Decrease in A/R
39) Company A had the following information available at the end of the year:
Cash Flow from Operations: $1,000
Depreciation Expense $400
Decrease in A/R $200
Decrease is A/P $300
What was the net income for the year?
Group of answer choices
a-Cannot be determined with the information provided.
b-$1,000
c-$700
d-$1,300
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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
978-1285868806, 1285868803, 978-1305691254, 978-1305465640, 1305465644, 978-1285866307
