Energy Electric reported net income totaling $106,000. Depreciation expense for the year was $22,000. Accounts receivable decreased by $2,300, inventory increased by $4,500, dividends paid totaled $10,000, accounts payable decreased by $5,000, and taxes payable increased by $7,000. How much is the company’s cash flow from operations? $127,800 $ 95,800 $118,200 $117,800
Energy Electric reported net income totaling $106,000. Depreciation expense for the year was $22,000. Accounts receivable decreased by $2,300, inventory increased by $4,500, dividends paid totaled $10,000, accounts payable decreased by $5,000, and taxes payable increased by $7,000. How much is the company’s cash flow from operations? $127,800 $ 95,800 $118,200 $117,800
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 5MC
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Question
Energy Electric reported net income totaling $106,000.
How much is the company’s cash flow from operations?
- $127,800
- $ 95,800
- $118,200
- $117,800
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