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Lense Laboratories' net income was $320,000. Given the account information below, what is the net cash flows from operating activities for Lense Laboratories? Increase in
Lense Laboratories' net income was $320,000. Given the account information below, what is the net cash flows from operating activities for Lense Laboratories?
| Increase in Accounts Receivable | $ | 64,000 | |
| Increase in Salaries Payable | $ | 56,000 | |
| Decrease in Inventory | $ | 35,000 | |
| Depreciation Expense | $ | 49,500 | |
| Increase in Prepaid Insurance | $ | 3,400 | |
Multiple Choice
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$527,900
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$393,100
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$409,100
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$329,900
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