MCQs > Finance & Management > Accounting Cash Flow > 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 ______________.

Accounting Cash Flow MCQs

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 ______________.

Answer

Correct Answer: $99,000

Explanation:

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