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3 years ago

Portions of the financial statements for Peach Computer are provided below.

Business

1 answer:

Novay_Z [31]3 years ago

4 0

Answer:

Net cash flows from Operating activities = $139,000

Explanation:

Statement of Cash Flows

Cash-flows from Operating activities

Net income for the year $100,000

Adjustment for non-cash effects

Depreciation expenses $50,000

Decrease in Accounts receivables $4,000

Increase in Inventory -$20,000

Decrease in Prepaid rent $2,000

Increase in Accounts payable $8,000

Decrease in Income tax payable -$5,000 $39,000

Net cash flows from Operating activities $139,000

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Answer:

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