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Rachel's Recordings reported net income of $280,000. Beginning balances in Accounts Receivable and Accounts Payable were $19,000 and $23,000 respectively. Ending balances in these accounts
Rachel's Recordings reported net income of $280,000. Beginning balances in Accounts Receivable and Accounts Payable were $19,000 and $23,000 respectively. Ending balances in these accounts were $10,500 and $28,000, respectively. Assuming that all relevant information has been presented, Rachel's net cash flows from operating activities would be: Multiple Choice $293,500. $266,500. O $280,000 $288,500 Mary's Music Store reported net income of $139,000. Beginning balances in Accounts Receivable and Accounts Payable were $26,500 and $19,500, respectively. Ending balances in these accounts were $33,500 and $13,200, respectively. Assuming that all relevant information has been presented, Mary's net cash flows from operating activities would be: Multiple Choice $139,700. $125,700. O $138,300. $152,300. Kela Corporation reports net income of $520,000 that includes depreciation expense of $74,000. Also, cash of $44,000 was borrowed on a 5-year note payable. Based on this data, total cash inflows from operating activities are: Multiple Choice $638,000. $446,000. $594,000. O $564,000. O
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