Assuming Net Income for the Year Is $115,000,what Is the Operating

question 118

Multiple Choice

Assuming Net Income for the year is $115,000,what is the Operating Cash Flows given the following information:
$$\begin{array} { l r } \text { Increase in Salaries Payable } & \$ 15,000 \\\text { Depreciation Expense } & \$ 6,000 \\\text { Increase in Prepaid Rent } & \$ 24,000 \\\text { Loss on sale of asset } & \$ 1,000 \\\text { Increase in Accounts Payable } & \$ 25,000 \\\text { Increase in Inventory } & \$ 50,000\end{array}$$

• A)$112,000.
• B)$88,000.
• C)$118,000.
• D)$188,000.

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