Question
Lumos Inc. has an accrual basis net loss of $80,000 in 2016 and the following related items: Depreciation expense $44,000 Accounts receivable decrease 32,000 Inventory
Lumos Inc. has an accrual basis net loss of $80,000 in 2016 and the following related items:
| Depreciation expense | $44,000 |
| Accounts receivable decrease | 32,000 |
| Inventory increase | 24,000 |
| Accounts payable increase | 12,000 |
| Accrued liabilities increase | 20,000 |
How much is Lumos' net cash flow from operating activities in 2016?
| A. | $140,000 | |
| B. | $ 4,000 | |
| C. | $ (16,000) | |
| D. | $ (52,000) |
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Energy Management Conservation And Audits
Authors: Anil Kumar, Om Prakash, Prashant Singh Chauhan, Samsher Gautam
1st Edition
0367494930, 978-0367494933
