Use the following information for Chambers Corporation to answer the following question: Net Income Depreciation Expense...

Transcribed Image Text:

Use the following information for Chambers Corporation to answer the following question: Net Income Depreciation Expense Inventory Gross Fixed Assets Dividends Paid Accounts Receivable Issued Common Stock Accounts Payable Long-Term Debt Accruals Net Fixed Assets Cash 20x1 $825,000 130,000 1,200,000 4,500,000 110,000 700,000 1,500,000 400,000 a. $565,000 O b. $1,170,000 O c. Negative $260,000 O d. $85,000 1,100,000 150,000 2,000,000 400,000 20x2 $930,000 165,000 1,640,000 4,850,000 110,000 810,000 0 430,000 1,600,000 140,000 2,550,000 1,005,000 Calculate the net cash from operating activities for Chambers Corporation for the year 20x2. Use the following information for Chambers Corporation to answer the following question: Net Income Depreciation Expense Inventory Gross Fixed Assets Dividends Paid Accounts Receivable Issued Common Stock Accounts Payable Long-Term Debt Accruals Net Fixed Assets Cash 20x1 $825,000 130,000 1,200,000 4,500,000 110,000 700,000 1,500,000 400,000 a. $565,000 O b. $1,170,000 O c. Negative $260,000 O d. $85,000 1,100,000 150,000 2,000,000 400,000 20x2 $930,000 165,000 1,640,000 4,850,000 110,000 810,000 0 430,000 1,600,000 140,000 2,550,000 1,005,000 Calculate the net cash from operating activities for Chambers Corporation for the year 20x2.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Chambers Corporation Calculat... View the full answer