Question
The following data is provided for last year. Net income was $40,000. Current assets (other than cash) decreased by $10,000 and current liabilities increased by
The following data is provided for last year. Net income was $40,000. Current assets (other than cash) decreased by $10,000 and current liabilities increased by $20,000. The cash flows from operating activities would be:
a. $10,000
b. $60,000
c. $50,000
d. $70,000
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Financial Accounting
Authors: Jan Williams, Susan Haka, Mark S Bettner, Joseph V Carcello
16th edition
1259692396, 77862384, 978-0077862381
