Accounting MCQ
Accounting
Consider the following: Net income $10,000, depreciation expense $2,000, accounts receivable increased by $700, inventory decreased by $400, and accounts payable increased by $300. Based on this information alone, what is cash flow from operating activities?
Consider the following: Net income $10,000, depreciation expense $2,000, accounts receivable increased by $700, inventory decreased by $400, and accounts payable increased by $300. Based on this information alone, what is cash flow from operating activities?
Consider the following: Net income $10,000, depreciation expense $2,000, accounts receivable increased by $700, inventory decreased by $400, and accounts payable increased by $300. Based on this information alone, what is cash flow from operating activities?
a. $12,000
b. $8,000
c. $11,700
d. $10,000
Answer: A
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