Ship-To-Shore Had a Net Income of $280,000 Last Year

question 87

Multiple Choice

Ship-to-Shore had a net income of $280,000 last year. Its expenses included depreciation of $55,000 and interest of $40,000. It sold new stock for which it received $20,000. The company also purchased a new commercial fishing boat for $40,000. What is Ship-to-Shore's net cash flow for last year?

• A)$395,000
• B)$355,000
• C)$315,000
• D)$280,000

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