Question
Bill's Driving School has an accrual basis net income of $189,000 and the following related items: Amortization expense $68,000 Accounts receivable increase 24,000 Inventory increase
Bill's Driving School has an accrual basis net income of $189,000 and the following related items:
| Amortization expense | $68,000 |
| Accounts receivable increase | 24,000 |
| Inventory increase | 17,000 |
| Interest payable decrease | 8,000 |
| Dividends paid | 10,000 |
What is Bill's Driving Schools net cash flow from operating activities?
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
