Question
Hysing, Corp. had the following information available for 2016: Please show calculations Net income $2,000 Depreciation expense 800 Cash used purchasing equipment during 2016 1,500
Hysing, Corp. had the following information available for 2016: Please show calculations
Net income | $2,000 |
Depreciation expense | 800 |
Cash used purchasing equipment during 2016 | 1,500 |
Accounts receivable at 12/31/15 | 750 |
Accounts receivable at 12/31/16 | 850 |
Accounts payable at 12/31/15 | 900 |
Accounts payable at 12/31/16 | 975 |
Cash received from issuing stock during 2016 | 3,000 |
Cash used repaying money borrowed from bank during 2016 | 650 |
Hysing had no current assets or current liabilities other than those listed above and no other non-cash expenses. What is Hysings operating cash flow for 2016?
a. $2,975
b. $2,775
c. $1,275
d. $2,325
e. None of the above.
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