malikfitzgerald1910
04.12.2019 •
Business
Mary's music store reported net income of $135,000. beginning balances in accounts receivable and accounts payable were $29,000 and $26,000, respectively. ending balances in these accounts were $30,000 and $24,000, respectively. assuming that all relevant information has been presented, mary's net cash flows from operating activities would be:
$132,000.
$134,000.
$136,000.
$138,000.
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Ответ:
$132,000
Explanation:
Given;
Beginning balances in Accounts Receivable and Accounts Payable were $29,000 and $26,000, respectively
Ending balances in these accounts were $30,000 and $24,000, respectively
Net income = $135,000
Change in payable = $24,000 - $26,000
= - $2,000
Change in receivables = $30,000 - $29,000
= $1,000
Mary's net cash flows from operating activities = $135,000 - $2,000 -$1,000
= $132,000
Increase in receivable is a negative cash flow, same as decrease in payable.
Ответ:
I would say A
Explanation:
The question says they are doing a hands-in investigation, so they should probably be wearing gloves!