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valina [46]
3 years ago
7

The net income for World Class Corporation was $140 million for the year ended December 31, 2021. Related information follows:

Business
1 answer:
schepotkina [342]3 years ago
8 0

Answer:

$169 million

Explanation:

To calculate the cash flow from operating activities we must start with the net income:

net income                                                   $140 million

plus patent amortization                                 $1 million

plus decrease in accounts receivable          $9 million

plus depreciation expense                         $20 million

<u>minus decrease in salaries payable            ($1 million)   </u>

cash flow from operating activities           $169 million

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