A Halifax fiRm Generates Net Income of $530

question 108

Multiple Choice

A Halifax firm generates net income of $530. The depreciation expense is $60 and dividends paid are $80. Accounts payable decrease by $40, accounts receivable decrease by $30, inventory Increases by $20, and net fixed assets decrease by $40. What is the net cash from operating
Activity?

• A) $480
• B) $530
• C) $560
• D) $580
• E) $600

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