Question
Ajax Corporation reported the following changes in balance sheet accounts. Cash: 173,250; Accounts Receivable: (8,750); Investments (38,500); Equipment: 101,500; Accumulated Depreciation: (29,750); Accounts Payable: (29,750);
Ajax Corporation reported the following changes in balance sheet accounts. Cash: 173,250; Accounts Receivable: (8,750); Investments (38,500); Equipment: 101,500; Accumulated Depreciation: (29,750); Accounts Payable: (29,750); Retained Earnings: 227,500. Ajax also reported the following additional information. Net Income: 280,000; Loss on sale of investments: 17,500; Cash dividends paid: 52,500. There were no sales of equipment in 2018. What is Ajax's cash flows from operations? $365,750 $306,250 $327,250 $288,750 9
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Comparative International Accounting
Authors: Christopher Nobes, Robert Parker
14th Edition
1292296461, 978-1292296463
