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Amazing Glory, Inc. recognized a net income of $95,000 including $20,500 in depreciation expense. Additional changes from the balance sheet are as follows. Accounts Receivable $800 decrease Prepaid Expenses $14,000 decrease Inventory $25,000 increase Accrued Liabilities $6,500 decrease Accounts Payable $12,000 increase Compute the net cash from operating activities based on the above information.

a) $79,000

b) $50,700

c) $110,800

d) $132,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M948263

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