averycipher
28.11.2019 •
Business
Below is an example of an incorrectly prepared statement of cash flows. the descriptions of activities are correct. cash from operating activities net income $60,000 depreciation (4,000) increase in accounts receivable (2,000) increase in deferred tax liability (1,000) $53,000 cash from investing activities purchase of marketable securities (48,000) dividends paid 1,500 (46,500) cash from financing activities increase in short-term debt $ (500) increase in long-term debt (2,500)($3,000) increase in cash $3,500 the correct cash flows from operating activities is: (points : 2) $65,500 $63,500 $53,500 none of the above
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Ответ:
None of the above.
Explanation:
Given that,
Net Income = $60,000
Depreciation = $4,000
Increase in Accounts Receivable = $2,000
Increase in Deferred Tax Liability = $1,000
Net Cash Flows from Operating Activities:
= Net Income + Depreciation - Increase in Accounts Receivable + Increase in Deferred Tax Liability
= $60,000 + $4,000 - $2,000 + $1,000
= $63,000
Ответ:
answer:
one is correct.
two is a
three is d
four is a
five is b