Question

on 11 Concept Check Question 3.16 on 12 estion XYour answer is incorrect. Try again. The following financial data of Covise Corp. for the past fiscal year is given. on estion Net income estionIncrease in accounts payable14,000 estion Increase in accrued income taxes 14,000 $34,000 Increase in accounts receivable 16.000 Depreciation 22,000 estion Calculate company's cash flow to investors from operating activities? uestiorn Cawaxcaan $68,000 O$56,000 $46,000 O $44,000 estion stion m 2.06 blems olution Click if you would like to Show Work for this question: Open Show Work xcel

Answer 1

Net income		34000
Adjustments to reconcile net income with cash flow from operating activities:
Depreciation	22000
Increase in accounts payable	14000
Increased in accrued income taxes	14000
Increase in accounts receivable	-16000	34000
Cash flow to investors from operating activities		68000
Answer: $68,000