Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

The following information can be seen in Neox co accounting: 12/31/18 12/31/17 Accounts receivable 60,000 84,000 Prepaid rent 20,000 8,000 Long-term investments 70,000 80,000 dividends

The following information can be seen in Neox co accounting:

12/31/18 12/31/17 Accounts receivable 60,000 84,000 Prepaid rent 20,000 8,000 Long-term investments 70,000 80,000 dividends payable 20,000 24,000 salaries payable 76,000 82,000 Long-term loans 170,000 180,000

Other information is that sales in the account in 2018 was $ 80,000 and operating expenses for 2018 were $ 52,000.

Based on this information, what was the net cash from operating activities in the cash flow statement in 2018?

a 30,000
b 22,000
c 28,000
d 34,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

How does the concept of hegemony relate to culture?

Answered: 1 week ago