Question
Nikola Inc. Financial Information December 2019 December 2020 Net Income $3,500 $7,000 Accounts receivable 1,150 1,900 Accumulated depreciation 1,750 2,500 Common stock 6,500 7,5000 Paid-in
Nikola Inc.
Financial Information
| December 2019 | December 2020 |
|
|
|
Net Income | $3,500 | $7,000 |
Accounts receivable | 1,150 | 1,900 |
Accumulated depreciation | 1,750 | 2,500 |
Common stock | 6,500 | 7,5000 |
Paid-in capital | 11,250 | 12,750 |
Retained earnings | 3,000 | 4,750 |
Accounts payable | 1,250 | 1,000 |
Based on the above information, calculate Nikola Inc.'s after-tax cash flow from operations for 2020 (no assets were disposed of during the year, and there was no change in interest payable or taxes payable).
Group of answer choices
A. $6,000
B. $4,300
C. $6,750
D. $7,750
Then
calculate the amount of dividends paid by Nikola Inc. in 2020 (no assets were disposed of during the year, and there was no change in interest payable or taxes payable).
Group of answer choices
E. $5,250
F. $3,500
G. $1,750
H. $4,750
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