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Oksi-84 [34.3K]
3 years ago
7

Statement of Cash Flows Paige's Properties Inc. reported 2018 net income of $1.90 million and depreciation of $259,000. Paige's

Properties, Inc.'s 2017 and 2018 balance sheets are listed below (in millions of dollars).
Current assets 2017 2018
Cash and marketable securities 3.90 2.45
Accounts receivable 4.45 5.98
Inventory 6.98 5.45
Total 15.25 13.88
Current liabilities 2017 2018
Accrued wages and taxes 1.09 1.09
Accounts payable 3.09 4.45
Notes payable 11.07 8.26
Total 15.25 13.88
What is the 2018 net cash flow from operating activities for Paige's Properties, Inc.?
a. $1.450.000
b. $1.900.000
c. $3,519,000
d. $1.619.000
Business
1 answer:
SCORPION-xisa [38]3 years ago
5 0

Answer:

See calculations below

Explanation:

With regards to the above we'll simply add back the given depreciation to the net profit for 2018

= Net income $1,090,000 + depreciation

$290,000

= $1,358,000

Cash flow for 201 is $1,358,000

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If the government for the state of Washington collects $65.8 billion in tax revenues in 2013 and total spending in the same year
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When comparing Real Estate Investment Trusts (REITs) to Real Estate Limited Partnerships (RELPs), all of the following statement
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At the beginning of the year, Rangle Company expected to incur $54,000 of overhead costs in producing 6,000 units of product. Th
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Total cost of the units made in January = $35,400

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3 years ago
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