Question
A manufacturer, has provided the following information pertaining to its recent year of operation: Cash flow provided by operating activities $ 136,000 Accounts payable increased
A manufacturer, has provided the following information pertaining to its recent year of operation:
| Cash flow provided by operating activities | $ 136,000 |
| Accounts payable increased | $ 11,000 |
| Prepaid assets decreased | $ 8,000 |
| Depreciation Expense | $ 12,000 |
| Loss on sale of a depreciable asset | $ 6,000 |
| Wages payable decreased | $ 9,000 |
| Unearned revenue decreased | $ 19,000 |
| Patent amortization expense | $ 3,000 |
| Accounts receivable increased | $ 23,000 |
How much was the net income?
$135,000
$131,000
$185,000
$147,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Risk Based Management Led Audit Driven Safety Management Systems
Authors: Ron C. McKinnon
1st Edition
1498767923, 978-1498767927
