End of the year information for the Spring Company:
Income statement data: 2001 2000
Depriciation Expense....$20,000
Loss on sale of Equipment...$10,000
Net Income...$200,000
Balance sheet data: 2001
Account Receivable....$40,000 $45,000 (2000)
Merchandise inventory.....$30,000 $20,000 (2000)
Account payabl.....$25,000 $ 23000 (2000)
Accrued interest payable.....$8,000 $ 9000 (2000)
Spring Company uses the indirect method for the statement of cash flows.Net cash flows from operating activities for 2001 would be----------------------
a)$196,000
b)$200,000
c)$206,000
d)$226,000
2007-06-28
03:26:29
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1 answers
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asked by
Debjani R
1