Net cash flow from operating activities for 2016 for Majewski Corporation was $330,000. The following items are reported in the 2016 financial statements:
Depreciation and amortization $30,000
Cash dividends paid on common stock 12,000
Increase in accounts receivable 24,000

Based only on the above information, what was Graham's net income for 2016 ?

Answer rating: 100% (QA)

Answer i Net cash flow from operating activitie... View the full answer