Lense Laboratories net income was $360,000. Given the account information below, what is the net...

80.2K

Verified Solution

Question

Accounting

Lense Laboratories net income was $360,000. Given the account information below, what is the net cash flows from operating activities for Lense Laboratories? Increase in accounts receivable 64,000, Increase in Salaries payable 55,000, Decrease in Inventory 37, 000, Depreciation Expense 49,500, Increase in prepaid insurance 3,300

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students