Question: Untitled Document Mark Industries' income statement and related notes for the year ended December 31 are as follows (in $). Sales 42,000,000 Cost of Goods
Untitled Document
Mark Industries' income statement and related notes for the year ended December 31 are as follows (in $).
| Sales | 42,000,000 |
| Cost of Goods Sold | (32,000,000) |
| Wages Expense | (1,500,000) |
| Depreciation Expense | (2,500,000) |
| Interest Expense | (1,000,000) |
| Income Tax Expense | (2,000,000) |
| Net Income | 3,000,000 |
During the year:
| Wages Payable increased | .$100,000 |
| Accumulated Depreciation increased | $2,500,000. |
| Interest Payable decreased | $200,000. |
| Income Taxes Payable increased | $500,000. |
| Dividends of | $100,000 were declared and paid. |
Assuming U.S. GAAP, Mark Industries cash flow from operations (CFO) for the year ended December 31 was:
Group of answer choices
A. $5,900,000.
B. $4,800,000.
C. $4,400,000.
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