Question
A company had the following data: .Net income $650,000 Decrease in accounts receivable of $10,000 Decrease in accounts payable of $5,000 Increase in equipment
A company had the following data: .Net income $650,000 Decrease in accounts receivable of $10,000 Decrease in accounts payable of $5,000 Increase in equipment of $50,000 Depreciation expense of $15,000 Increase in common stock of $60,000 What is the cash flows from operating activities? a. $670,000 b. $655,000 c. $680,000 d. $675,000
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Horngrens Accounting
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
11th edition
978-0133851151, 013385115X, 978-0133866889
