The following data relate to Sorrentino Corporation for last year: Operating income.$250,000 Net increase in all current
Fantastic news! We've Found the answer you've been seeking!
Question:
The following data relate to Sorrentino Corporation for last year:
Operating income………………………………………………………………………………….$250,000
Net increase in all current assets except cash…………………………………………$45,000
Net decrease in current liabilities……………………………………………………………$30,000
Gain on sale of investments…………………………………………………………………….$8,000
Cash dividends paid on common stock…………………………………………………..$35,000
Depreciation expense……………………………………………………………………………$10,000
What is the net cash provided by operating activities for last year on the statement of cash flows for Sorrentino Corporation?
A. $130,000
B. $142,000
C. $173,000
D. $177,000
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date: