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At the end of the year, Cyclone Corporation reported net income of $20,000. During the year, Cyclone reported depreciation expense of $3,000, accounts receivable increased
At the end of the year, Cyclone Corporation reported net income of $20,000. During the year, Cyclone reported depreciation expense of $3,000, accounts receivable increased by $1,000, prepaid rent decreased by $400, and accrued liabilities increased by $900. The company would report a net cash inflow from operating activities of:
$17,500. | ||
$18,500. | ||
$21,500. | ||
$23,300. |
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