Question
Smith and Associates had $65,000 in cash at year-end 2012 and $35,000 in cash at year-end 2013. Cash flow from long-term investing activities totaled $290,000,
Smith and Associates had $65,000 in cash at year-end 2012 and $35,000 in cash at year-end 2013. Cash flow from long-term investing activities totaled $290,000, and cash flow from financing activities totaled $170,000. What was the cash flow from operating activities? a) $150,000 b) $90,000 c) $-150,000 d) $-20,000 e) $-90,000
In 2012, Hoosier Sports Co. had net income of $40,000. If accruals increased by $30,000, receivables and inventories rose by $150,000, and depreciation and amortization totaled $10,000, what was the firms cash flow from operating activities?
a) $-150,000 b) $150,000 c) $70,000 d) $90,000 e) $-170,000
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