Mayberry's statement of cash flow is completed using the visual inspection method. Information regarding the Mayberry Company
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Question:
Mayberry's statement of cash flow is completed using the visual inspection method. Information regarding the Mayberry Company in 2016 appears below:
Net income | $140,000 |
Dividends paid | 20,000 |
Decrease in inventory | 15,000 |
Increase in accounts payable | 30,000 |
Proceeds from issue of common stock | 70,000 |
Depreciation expense | 10,000 |
What was Mayberry's net increase in cash?
$225,000
$190,000
$255,000
$245,000
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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