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Laser World's income statement reported total revenues of $880,000 and total expenses (including $42,500 depreciation) of $735,000. The balance sheet reported the following: Accounts
Laser World's income statement reported total revenues of $880,000 and total expenses (including $42,500 depreciation) of $735,000. The balance sheet reported the following: Accounts Receivable-beginning balance, $52,000 and ending balance, $55,000; Accounts Payable-beginning balance, $24,000 and ending balance, $30,000. Therefore, based only on this information, the net cash flows from operating activities were: Multiple Choice $184,650. $148,000. $99,800. $190,500.
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