Question
Laura Logistics, Inc., ended 2016 with cash $28000. During 2017, Laura Logistics earned net income of $155000 and had adjustments to reconcile net income to
Laura Logistics, Inc., ended 2016 with cash $28000. During 2017, Laura Logistics earned net income of $155000 and had adjustments to reconcile net income to net cash provided by operations totalling -$22000. During 2017, Laura Logistics purchased equipment for $361000 and had to borrow half of this amount on a long-term note. Also, Laura Logistics paid dividends of $6000 and sold old equipment for $87000 cash.
What is the net cash flow from operating activities?
Round your answer to the nearest amount. Do not include any dollar signs, commas, decimal places and/or spaces in your answer. Your answer should only include digits. For example, if the correct answer is 1021, you should enter 1021 as your answer. If you enter $1021 or 1,021 or 1 021 or $1021.00, your answer will be marked wrong.
Answer:
220500 | (133000) |
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