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Question
The Black Corporation has provided the following information:
Net income: $560,000
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
Dividends declared: $39,000
Dividends paid: $36,000
Increase in accounts receivable: $30,000
Increase in wages payable: $16,000
Increase in deferred tax liability: $41,000
Required: Determine the cash flow from operating activities.
Answer
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