Question
Nichole Company has an accrual basis net income of $260,000 and the following related items: Depreciation expense 76,000 Accounts receivable increase 24,000 Inventory decrease 28,000
Nichole Company has an accrual basis net income of $260,000 and the following related items:
| Depreciation expense | 76,000 |
| Accounts receivable increase | 24,000 |
| Inventory decrease | 28,000 |
| Accounts payable decrease | 16,000 |
How much is Nicholes net cash flow from operating activities?
| $248,000 | ||
| $324,000 | ||
| $174,000 | ||
| $320,000 |
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College Accounting
Authors: Heintz and Parry
20th Edition
1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192
