Question
The following information is available for Armstrong Company: Net income $450 Increase in plant and equip. $170 Depreciation expense 80 Payment of dividends 10 Decrease
The following information is available for Armstrong Company:
Net income $450 Increase in plant and equip. $170
Depreciation expense 80 Payment of dividends 10
Decrease in accts. receiv. 20 Increase in long-term debt 100
Increase in inventories 15 Decrease in accounts payable 30
What is cash flow from operating activities for Armstrong Company?
| a. | $505 | |
| b. | $495 | |
| c. | $335 | |
| d. | $55 |
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Corporate Financial Reporting And Analysis
Authors: David Young, Jacob Cohen
3rd Edition
1118470559, 9781118470558
