Question

Lense Laboratories' net income was $330,000. Given the account information below, what is the net cashflows from operating activities for Lense Laboratories?Increase in Accounts Receivable $63,000 Increase in Salaries Payable $56,500 Decrease in Inventory $34,500 Depreciation Expense $46,500 Increase in Prepaid Insurance $3,900 a) $413,600 b) $534,400 c) $400,600 d) $339,400

Answer 1

Answer: The answer is b $534,400

Explanation:

$

Net income. 330,000

Depreciation expense. 46,500

Increase in prepaid insurance. 3,900

Changes in operating Asset and Liabilities

Decrease in inventory. 34,500

Increase in Account Receivable. 63,000

Increase in salaries payable. 56,500

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Net operating cash flow. 534,400

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