M 1 CHAPTERS 12 instructions I help 500 points MC Qu 9 State

M 1 CHAPTERS 1-2 instructions I help 5.00 points MC Qu. 9 Statement of Cash Flows Ann\'s Flowers Inc. reported 2008... Statement of Cash Flows Ann\'s Flowers Inc. reported 2008 net income of $1.60 million and depreciation of $256,000. The top part Ann\'s Flowers, Inc.\'s 2007 and 2008 balance sheets is listed below (in millions of dollars). Current assets 2007 2007 2008Current liabilities: $3.60 $2.30 Accrued wages and taxes 4.30 5.60 Accounts payable 6.60 3.06 4.30 10.38 784 $14.50 $13.20 5.30 Total $14.50 $13.20Total What is the 2008 net cash flow from operating activities for Ann\'s Flower\'s, Inc.? $3,096,000 $1,600,000 o $1,496,000 O -$1,300,000 References Multiple Choice Difficulty: 1 Basic MC Qu. 9 Statement of Cash Flows Ann\'s Flowers Inc.

Solution

Cash flow from operating activiites :

So answer is a) $3096000

Net income	1600000
Adjustment to reconcile net income
Depreciation expense	256000
Increase account receivable	-1300000
Decrease inventory	1300000
Increase account payable	1240000
Net cash flow from operating activities	3096000