1.Assuming Net Income for the year is $235,000, what is the net cash flows from operating...

1.Assuming Net Income for the year is $235,000, what is the net cash flows from operating activities given the following information:


Increase in Salaries Payable	$	20,000
Depreciation Expense	$	9,000
Increase in Prepaid Rent	$	29,500
Loss on sale of asset	$	1,300
Increase in Accounts Payable	$	30,000
Increase in Inventory	$	54,000

2.Which of the following is an example of a cash outflow from an investing activity?

Payment of cash for treasury stock.
Payment of cash for the purchase of land.
Payment of cash for inventory.
Payment on a long-term note payable.

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ekkarill92 answered 10 months ago

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