Question
Mullinix Inc. reported the following information: net income, $40,000; decrease in accounts receivable, $10,000; decrease in accounts payable, $8,000; and depreciation expense, $6,000. What amount
Mullinix Inc. reported the following information: net income, $40,000; decrease in accounts receivable, $10,000; decrease in accounts payable, $8,000; and depreciation expense, $6,000. What amount did Mullinix report as cash flow from operating activities on its statement of cash flows? a. $16,000 b. $36,000 c. $48,000 d. $64,000
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Internal Control A Managers Journey
Authors: K. H. Spencer Pickett
1st Edition
0471402508, 978-0471402503
