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Consider the following excerpt from the Statement of Cash Flows, then select the most correct answer: Cash Flows from Operations NET CASH INFLOW/OUTFLOW) FROM
Consider the following excerpt from the Statement of Cash Flows, then select the most correct answer: Cash Flows from Operations NET CASH INFLOW/OUTFLOW) FROM OPERATIONS Net Income Depreciation Loss on Sale of Chicago Facility Gain on Sale of Detroit Facility Changes in Current 12/31/2021 12/31/2020 $ 450,083 $ (44,598) 23.074 24,009 4,666 19.644) Accounts Receivables 3456 6,99 Inventories (9.993) 4392 Accounts Payable (4.533) (5.689) Income Taxes Payable 5332 5312 S 472.085 $119.220 There was an inflow of cash for Accounts Payable in 2021 There was an outflow related to Income Taxes Payable in 2021 For 2020 the balances on the Balance Sheet for Accounts Receivable and Income Taxes Payable both increased from the beginning to the end of the year. There was an inflow of cash for Income Taxes Payable in 2021
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