Ask Question
22 July, 18:43

Laser World's income statement reported total revenues, $870,000 and total expenses (including $44,000 depreciation) of $755,000. The balance sheet reported the following: Accounts Receivable-beginning balance, $58,000 and ending balance, $60,500; Accounts Payable-beginning balance, $26,500 and ending balance, $32,500. Therefore, based only on this information, the net cash flows from operating activities were:

$162,500.

$155,500.

$118,500.

$150,500.

+5
Answers (1)
  1. 22 July, 21:55
    0
    Answer: The net cash flows from operating activities is $162,500.

    Explanation:

    Laser World's

    Net cash flows from operating activities

    Net income ($870,000 - $755,000) $115,000

    Add back depreciation 44,000

    Increase in accounts receivable ($60,500 - 58,000) (2,500)

    Increase in accounts payable ($32,500 - 26,500) 6,000

    Net cash flows from operating activities $162,500
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Laser World's income statement reported total revenues, $870,000 and total expenses (including $44,000 depreciation) of $755,000. The ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers