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Q1. (7 points) The following information has been provided to you by RKJ Company: Net income $300,000 Increase in prepaid rent $24,000 Decrease in bonds
Q1. (7 points) The following information has been provided to you by RKJ Company: Net income $300,000 Increase in prepaid rent $24,000 Decrease in bonds payable $25,000 Loss on sale of a depreciable asset $19,000 Depreciation expense $40,000 Decrease in dividends payable $12,000 What is the net cash flow from operating activities? Please also use your own words to explain the underlying intuition for each adjustment
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