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Balancing Act, Inc. recognized net income of $560,000 including $46,000 in depreciation expense.

Additional changes from the balance sheet are as follows.

Accounts Receivable $3,300 decrease
Prepaid Expenses $18,000 decrease
Inventory $9,000 increase
Accrued Liabilities $4,800 decrease
Accounts Payable $65,200 increase

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

a) $678,700

b) $634,200

c) $500,200

d) $477,700

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M952413

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