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Rogers Company reported net income of $33,858 for the year. During the year, accounts receivable increased by $7,052, accounts payable decreased by $2,151 and depreciation expense of $70,819 was recorded. Net cash flows from operating activities for the year is a. $109,578 b. $95,474 c. $33,858 d. $113,880

Rogers Company reported net income of $33,858 for the year. During the year, accounts receivable increased by $7,052, accounts payable decreased by $2,151 and depreciation expense of $70,819 was recorded. Net cash flows from operating activities for the year is a. $109,578 b. $95,474 c. $33,858 d. $113,880

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Rogers Company reported net income of $33,858 for the year. During the year, accounts receivable increased by $7,052, accounts payable decreased by $2,151 and depreciation expense of $70,819 was recorded. Net cash flows from operating activities for the year is a. $109,578 b. $95,474 c. $33,858 d. $113,880
Transcribed Image Text:Rogers Company reported net income of $33,858 for the year. During the year, accounts receivable increased by $7,052, accounts payable decreased by $2,151 and depreciation expense of $70,819 was recorded. Net cash flows from operating activities for the year is a. $109,578 b. $95,474 c. $33,858 d. $113,880
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