Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The ASQ Certified Medical Device Auditor Handbook

Authors: Scott A Laman

4th Edition

1953079962, 978-1953079961

More Books

Students also viewed these Accounting questions

Question

What do you think of the MBO program developed by Drucker?

Answered: 1 week ago