MCQs > Finance & Management > Accounting Cash Flow > In 2007, XYZ Company had a net income of $312,000 and reported the following: Decrease in accounts receivable: $10,000 Gain on sale of building: $14,000 Increase in accounts payable: $12,000 Issuance of common stock: $90,000 Retirement of debt: $45,000 Given this data, the amount of cash flow from operations was ______________.

Accounting Cash Flow MCQs

In 2007, XYZ Company had a net income of $312,000 and reported the following:

Decrease in accounts receivable: $10,000

Gain on sale of building: $14,000

Increase in accounts payable: $12,000

Issuance of common stock: $90,000

Retirement of debt: $45,000

Given this data, the amount of cash flow from operations was ______________.

Answer

Correct Answer: $320,000

Explanation:

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