Question
Rachel's Recordings reported net income of $220,000. Beginning balances in Accounts Receivable and Accounts Payable were $16,000 and $22,000 respectively. Ending balances in these accounts
Rachel's Recordings reported net income of $220,000. Beginning balances in Accounts Receivable and Accounts Payable were $16,000 and $22,000 respectively. Ending balances in these accounts were $10,500 and $27,000, respectively. Assuming that all relevant information has been presented. Rachel's net cash flows from operating activities would be....
a) 225500
b) 220000
c) 209500
d) 230500
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Managerial Accounting
Authors: John Wild, Ken Shaw
5th edition
978-1259176494, 1259176495, 978-1259347641, 1259347648, 978-0078025600
