Net income for the period was $40,000. The net cash flows from operating activities would be:
A)$32,800.
B)$35,200.
C)$38,000.
D)$47,200.

Name: Net income for the period was $40,000. The net cash flows from operating activities would be: A)$32,800. B)$35,200. C)$38,000. D)$47,200.
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Question

Quizplus · Accepted Answer

$40,000 net income - $10,000 incr. in accounts receivable + $3,600 decrease in prepaid insurance + $1,800 incr. in accounts payable - $2,600 decrease in unearned revenue = $32,800

Net Income for the Period Was $40,000