Solution for -1
Option C : $79000 is correct answer.
Statement of Cash Flows |
|
For the Year Ending |
|
year |
|
Cash Flows from Operating Activities |
|
Net Income |
$ 55,000 |
Add Expenses Not Requiring Cash: |
|
Depreciation |
$ 8,000 |
Other Adjustments: |
|
Add Increase in Current Liabilities |
$ 9,000 |
Add decrease in Current Assets |
$ 7,000 |
Net Cash from Operating Activities |
$ 79,000 |
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