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Question 17 The net income for Yoakum Corporation was 5560 million for the year ended December 31, 2021. Related information follows: Issuance of bonds for
Question 17 The net income for Yoakum Corporation was 5560 million for the year ended December 31, 2021. Related information follows: Issuance of bonds for cash. 548 million Amortization of a patent. 516 million Cash dividends paid to preferred stock 556 million. Decrease in tax payable, $16 million. Depreciation expense. 568 million. Increase in accounts payable $46 million Increase in dividend payable, 554 million Net cash flows from operating activities during 2021 should be reported as: 5674 million 5686 million 5650 million 5582 million
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