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Energy Electric reported net income totaling $106,000. Depreciation expense for the year was $22,000. payable increased...

Energy Electric reported net income totaling $106,000. Depreciation expense for the year was $22,000. payable increased by $7,000. 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 decrease $4,000  

How much is the company’s cash flow from operations?

Select one:

a. 123,800

b. 95,800

c. 118,200

d. 117,800

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Answer #1

Cash Flow Statement is statement which shows cash inflows and cash outflows.There are three activities

  • Operating activities
  • Investing activities
  • Financing activities

Operating activities shows cash flows from normal operations.

Net income + Depreciation+ Increase in payable+Decrease in accounts receivable-Increase in inventory-account Payable decrease -Income tax payable decrease   

=$106000+$22000+$7000+$2300-$4500-$5000-$4000

=$123800

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