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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