Beena Inc had net income of $80,000 in 2017. Its depreciation expense for the year was $20,000. Compared to the prior year-end, accounts receivable increased $15,000, prepaid rent decreased $5,000, and accounts payable increased $25,000. Also, it purchased equipment for $60,000 and sold equipment that cost $10,000 with related accumulated depreciation of $6,000 for $7,000 cash. What is the cash flow from operating activities?

Answer rating: 100% (QA)

To determine the service revenue to recognize in year 1 and the interest revenue for years 1 2 and 3 ... View the full answer