Bird Brain Co. reported net income of $46,600 for the year ended December 31, 20

Question

Bird Brain Co. reported net income of $46,600 for the year ended December 31, 2016. January 1 balances in accounts receivable and accounts payable were $23,700 and $24,600 respectively. Year-end balances in these accounts were $20,700 and $30,000, respectively. Assuming that all relevant information has been presented, Bird Brain's cash flows from operating activities would be:

A.) $38,200

B.)$49,000

C.)$55,000

D.)$46,600

Bird Brain Co. reported net income of $46,600 for the year ended December 31, 2016. January 1 balances in accounts receivable and accounts payable were $23,700 and $24,600 respectively. Year-end balances in these accounts were $20,700 and $30,000, respectively. Assuming that all relevant information has been presented, Bird Brain's cash flows from operating activities would be:

Explanation / Answer

C) $ 55,000

55000

---------

Statement showing the cash flows from operating activities Particulars Amount in $ A) Net Income 46600 B) Add: Decrease in trade receivable 3000 C) Add: Increase in trade payables 5400 --------- A+B+C

55000

---------

Related Questions

Navigate

• Browse (All)
• Browse B
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.