The Knott Company reported depreciation expense of $10,000 and net income of $16,000 on its income statement.
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Question:
The Knott Company reported depreciation expense of $10,000 and net income of $16,000 on its income statement. During the year, the company's Accounts Receivable balance decreased by $4,000. Based on this information, what was the net cash flow from operating activities?
Multiple Choice
- $30,000.
- $12,000.
- $32,000.
- 16,000.
Expert Answer:
Related Book For 
Financial Accounting The Impact on Decision Makers
ISBN: 978-1285182964
9th edition
Authors: Gary A. Porter, Curtis L. Norton
Posted Date:
