Question
The following are balances from XYZ company financial statements as of 31/12/2019: Account20182019Marketable Securities$14,000$13,000Accounts Receivable$12,000$14,000Inventory$19,000$28,000Gross Fixed Assets$86,000$92,000Accounts Payable$14,000$15,000Net profits after taxes$25,000$30,000Depreciation-$8,000-$8,000Selling Expenses-$3,000-$3,000Dividends-$9,000-$9,000 In the statement
The following are balances from XYZ company financial statements as of 31/12/2019:
Account20182019Marketable Securities$14,000$13,000Accounts Receivable$12,000$14,000Inventory$19,000$28,000Gross Fixed Assets$86,000$92,000Accounts Payable$14,000$15,000Net profits after taxes$25,000$30,000Depreciation-$8,000-$8,000Selling Expenses-$3,000-$3,000Dividends-$9,000-$9,000
In the statement of cash flows, the amount of cash provided from operating activities is?
Select one:
a. $27,000
b. $26,000
c. $29,000
d. $28,000
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
8th Edition
0201325527, 9780201325522
