Use the Following Information for Chambers Corporation to Answer the Following

question 23

Multiple Choice

Use the following information for Chambers Corporation to answer the following questions: ​
​ Calculate the net cash from operating activities for Chambers Corporation for the year 20x2?
​

• A)​Negative $260,000
• B)​$1,170,000
• C)​$565,000
• D)​$85,000

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Definitions:

Net Income

represents a company's total profit after all expenses, taxes, and costs have been subtracted from total revenue.

Diluted Earnings Per Share

A calculation of a company's earnings per share adjusted for the impact of all potential dilutive securities, which could decrease earnings per share.

Basic Earnings Per Share

A measure of a company's profitability on a per-share basis, calculated by dividing net income by the average number of shares outstanding.

Common Shares

Equity securities that represent ownership in a corporation, typically with voting rights and potential dividends.