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Amazing Glory, Inc. recognized a net income of $55,000 including $8,000 in depreciation expense.

Additional changes from the balance sheet are as follows.

Accounts Receivable $1,200 decrease
Prepaid Expenses $600 decrease
Inventory $14,600 increase
Accrued Liabilities $1,000 decrease
Accounts Payable $2,100 increase

Compute the net cash from operating activities based on the above information.

a) $60,000

b) $36,100

c) $71,700

d) $51,300

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M946167

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