Energy Electric reported net income after tax in 2021 totaling $96,000. Depreciation expense on the...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Energy Electric reported net income after tax in 2021 totaling $96,000. Depreciation expense on the financial books for the year was $22,000. Between 1/1/2021 and 12/31/2021 we noted the following balance changes - Accounts receivable decreased by $2,300, Inventory increased by $4,500, Dividends paid totaled $10,000, Accounts payable to customers decreased by $5,000, and Sales taxes payable (self assessed by the company) to various state tax authorities increased by $7,000. How much is the company's cash flow from operations? A. $127,800 B. $95,800 C. $18,200
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.