Rachel's Recordings reported net income of $270,000. Beginning balances in Accounts Receivable and Accounts Payable were $ 19,000 and $23,000 respectively. Ending balances in these accounts were $ 11,500 and $27,000, respectively. Assuming that all relevant information has been presented, Rachel's net cash flows from operating activities would be:

Rachel's Recordings reported net income of $270,000. Beginning balances in Accounts Receivable and Accounts Payable were $ 19,000 and $23,000 respectively. Ending balances in these accounts were $ 11,500 and $27,000, respectively. Assuming that all relevant information has been presented, Rachel's net cash flows from operating activities would be:

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 10MCQ

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Rachel's Recordings reported net income of $280,000. Beginning balances in Accounts Receivable and Accounts Payable were $17,000 and $22,000 respectively. Ending balances in these accounts were $13,500 and $30,000, respectively. Assuming that all relevant information has been presented, Rachel's net cash flows from operating activities would be:
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