In 2007, XYZ Company had a net income of $100,000 and reported the following account changes on its balance sheet:
Accounts Receivable: $6,000 increase
Accounts Payable: $2,000 increase
Building: $8,000 decrease
Accumulated Depreciation: $3,000 increase
Bonds Payable: $16,000 increase
Given this data, the amount of cash flow from operations was ______________.
Correct Answer: $99,000
Explanation:
Note: This Question is unanswered, help us to find answer for this one
More Accounting Cash Flow MCQ Questions