Question
The comparative balance sheet for an entity that had profit of $186,000 for the year ended December 31, 20X2, and paid $103,000 of dividends during
The comparative balance sheet for an entity that had profit of $186,000 for the year ended December 31, 20X2, and paid $103,000 of dividends during 20X2 is as follows: Paz, Inc. Balance Sheet At December 31, 12/31 20X2 12/31/20X1 Cash $150,000 $180,000 Accounts receivable 200,000 220,000 Total assets $350,000 $400,000 Payables 80,000 $160,000 Share capital 130,000 125,000 Retained earnings 140,000 115,000 Total liabilities and stockholders equity $350,000 $400,000 If dividends paid are treated as an operating item, the amount of net cash from operating activities during 20X2 was
My wrong Answer: 126,000
Formula/clue given: {NI}-{D} - Change in Accounts Receivable + Change in Accounts Payable
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