Use the Tables for the Question(s)below

question 90

Multiple Choice

Use the tables for the question(s) below.Consider the following financial information:
Luther Corporation
Consolidated Balance Sheet
December 31,2019 and 2018 (in $ millions)
-For the year ending December 31,2019 Luther's cash flow from operating activities is:

• A)$9.4 million.
• B)-$18.8 million.
• C)$47.2 million.
• D)$40.0 million.

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Definitions:

Unrealised Profit

Profit that has been generated on paper due to accounting entries but has not been realized through cash or other assets.

Retained Earnings

The portion of net earnings not paid out as dividends but retained by the company to be reinvested in its core business or to pay debt.

Cost Of Goods Sold

The total cost involved in manufacturing or acquiring the products that a company has sold during a specific period.

Investment

Allocation of resources, such as capital or time, in anticipation of generating income or profit in the future.