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Question
An increase in inventory of $7,000 for the year
A. decreases cash flow from operating activities by $7,000.
B. increases cash from operating activities by $7,000.
C. decreases cash flow from operating activities by $14,000.
D. increases cash flow from operating activities by $14,000.
Answer
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Related questions
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Increase in prepaid expenses: $14,000
Amortization of discount on bonds payable: $10,000
Decrease in accounts payable: $20,000
Increase in inventory: $21,000
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Dividends paid: $36,000
Increase in accounts receivable: $30,000
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What is the owners' equity balance on December 31, 2012?
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B. $8,738,350
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What is the retained earnings balance on December 31, 2012?
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