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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

Accounting Basics, Accounting

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  • Reference No.:- M946084

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