Assume net income was $230,000, depreciation expense was $6,400, accounts receivable decreased by $11,500, and accounts payable decreased by $3,100. The amount of net cash flows from operating activities is: Multiple Choice $223,600. $244,800.

Assume net income was $230,000, depreciation expense was $6,400, accounts receivable decreased by $11,500, and accounts payable decreased by $3,100. The amount of net cash flows from operating activities is: Multiple Choice $223,600. $244,800.

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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Question

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Multiple Choice

$223,600.
$244,800.
$230,000.
$236,400.

Definition Definition Money that the business will be receiving from its clients who have utilized the credit provided to buy its goods and services. The credit period typically lasts for a short term, lasting from a few days, a few months, to a year.

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