Question

The following information can be seen in Neox co  accounting:

12/31/18 12/31/17
Accounts receivable 60,000 84,000
Prepaid rent 20,000 8,000
Long-term investments 70,000 80,000
dividends payable 20,000 24,000
salaries payable 76,000 82,000
Long-term loans 170,000 180,000

Other information is that sales in the account in 2018 was $ 80,000 and operating expenses for 2018 were $ 52,000.

Based on this information, what was the net cash from operating activities in the cash flow statement in 2018?

a	30,000
b	22,000
c	28,000
d	34,000

Answer 1

The answer has been presented in the supporting sheet. All the parts has been solved with detailed explanation and format. For detailed answer refer to the supporting sheet.

Answer 3 The correct answer is D) $ 34000 Statement of cashflow from operating activities 7 Particulars Amount 3Cash received from customers 9Cash paid for operating activities 0 Net cash inflow from operating activities 104,000 (70,000) 34,000 1 2 Note 3 Cash received from customers 4 opening receivables sales closing receivables 5 84000 +80000-60000 6$104000 7 8 Cash Paid for operating expenses 9operating expenses decrease in salary payables increase in prepaid rent 052000 (82000-76000)+(20000-8000) 1 $ 70000